Tag: cannabis industry

This tremendous growth of the cannabis industry comes despite immense obstacles stemming from the plant’s legal status, social stigma around marijuana usage, and other difficulties such as the licensing process and few options for financiers.

The Jersey City Cannabis Board approved three applications and carried one more where an indicted attorney represented the applicant. But first... Board attorney Ron Mondello first swore in the new cannabis board Commissioner, Jose Cantarero.

An event that started as a humble forum turned into a mini-convention with many sponsors and attendees signing up. Attendees and vendors packed the UFCW Local 360 union hall in Berlin Township. Many had to park on the grass and the street.

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).

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.