Governor Phil Murphy (D) has signed New Jersey cannabis tax law reform legislation so cannabis companies can deduct their business expenses. The bill was A-3946/S-340, “Decouples State tax provisions from federal prohibition on cannabis business deductions.” The new law decouples cannabis businesses from the federal Internal Revenue Service Tax Code Section 280E. Section 280E prohibits […]
As the NJ Senate debates a new compromise bill, Troy Singleton (D-Burlington) is working on several bills to change cannabis law including a bill to decouple the state income cannabis tax law from federal income taxes, a bill on medical homegrow, and a dispensary purchase subsidy bill. Three of the Senators in the Black Caucus […]
The United Food and Commercial Workers (UFCW) union has been instrumental in securing legitimacy for the industry. They have fought the worst aspects of the industry to help cannabis workers. The UCFW started in cannabis worker organizing in California in the early 2000s during the market’s medical days. It was more of a movement at […]
Harry Carpenter is one of the premier cannabis accountants and a leader in New Jersey’s marijuana industry. He has been featured at a variety of events on many panels regarding cannabis. For example, he was on a webinar last week about the nuances of the industry. Carpenter is currently a partner and co-practice leader of […]
The Real Cannabis Entrepreneur 2019 conference was held last Friday and Saturday in Newark. It brought many budding cannabis entrepreneurs together to learn about the nuances of the industry. Many speakers offered their own experiences and lessons in the industry to the audience. Real Cannabis Entrepreneur Conference The man who put it on was Gary […]
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Dan Ulloa
