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Murphy Signs New Jersey Cannabis Tax Law Bill for Deductions

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 […]

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Kevin Smith Urges Digital Signatures for CA Cannabis Reform Due to Coronavirus

Noted indie filmmaker Kevin Smith is spearheading a motion to allow signatures for a cannabis ballot initiative this year in California. Smith and his longtime collaborator Jason Mewes made a video imploring California officials to accept digital signatures. Traditional petition signature gathering cannot be done due to the widespread shutdowns and bans on public gatherings […]

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