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New York

Politics & Cannabis Policy

NJ Senate Budget Committee Passes Cannabis Business Tax Bill

The New Jersey State Senate Budget and Appropriations Committee passed a cannabis business tax bill yesterday. It was designed to address the fact that licensed cannabis companies cannot deduct their expenses from their taxes, a common practice. It was sponsored by Senator Troy Singleton (D-Burlington) and Shirley Turner (D-Mercer).

New Jersey Residents’ Voices Ignored on Cannabis Business Approval

In many towns across the Garden State, it appears that the local governments are refusing to listen to the desires of their constituents. Data collected from various towns in New Jersey shows that there is a clear trend of high voter support for the approval of cannabis businesses, yet many local governments have chosen to opt out of allowing these businesses to operate within their borders.  Despite well over 500 towns supporting cannabis by a majority vote of over 50 percent, with many much higher, about 335 municipalities opted out of legal, licensed cannabis businesses opening and operating within their borders, missing out on the massive revenue generated by cannabis, but more importantly, being flat out ignored its constituents.

NJCRC Holds Hearing on Spending Social Equity Excise Fee Tax Revenue

The NJ Cannabis Regulatory Commission (NJCRC) held a hearing on how the Social Equity Excise fee tax revenue from adult-use cannabis sales should be spent.

NJCRC Releases Cannabis Consumption Area Rules for Comment

The New Jersey Cannabis Regulatory Commission (NJCRC) has submitted updates to its regulations to include cannabis consumption areas.  The rules with amendments and a link...

Minorities For Medical Marijuana M4MM Expands NJ Chapter

Minorities 4 Medical Marijuana (M4MM) New Jersey announced an expansion of its leadership team to enhance its organization and mission. The M4MM NJ state directors...