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 […]
Governor Murphy Celebrates Anniversary of Cannabis Legalization
Earlier today, Governor Murphy tweeted about the legalization of cannabis, highlighting the opportunities created in the NJ cannabis rollout.
NJCRC Denies Curaleaf Rec License Renewal, 71 Licenses OKed
The NJ Cannabis Regulatory Commission (NJCRC) approved 71 cannabis licenses and failed to renew Curaleaf’s adult-use cannabis license due to labor and social equity issues.
Zen Leaf & The Botanist Fined Again for Ignoring Medical Cannabis Patients
Verano Zen Leaf and Acreage/The Botanist were fined for the second time in less than 12 months for ignoring medical cannabis patients.
Hudson County College & LIM College Launch Cannabis Studies Transfer Program
Hudson County College and LIM College held a signing ceremony launching their new transfer pathway agreement on cannabis studies.
5 Problems With Buying Quality, Affordable, Legal Weed In New Jersey
The legalization of cannabis in NJ is a critically significant milestone, but the market is riddled with challenges that need fixing.
NJCRC Discusses Rules Changes and Capital in NJCBA Webinar
The NJ CannaBusiness Association (NJCBA) held a webinar with the NJ Cannabis Regulatory Commission (NJCRC) and other officials on rules changes and access to capital. “New Jersey is doing it right,” NJCBA President Ed DeVeaux said. “Other states are trying to be like New Jersey.” “We are setting up New Jersey to be a national […]
NJCRC Approves 49 Legal Cannabis Licenses & Discusses Minority Owner Issues
The NJ Cannabis Regulatory Commission (NJCRC) approved 49 licenses and discussed minority owners in the New Jersey legal cannabis industry. NJCRC Executive Director Jeff Brown said 1647 applications have been received overall. He said that minority owners submitted 72 percent of them. He explained they had received 175 conditional conversion legal cannabis license applications thus […]
NJ Senate Passes Bill to Address Cannabis Company Tax Issues
The New Jersey State Senate passed a bill allowing legal cannabis companies to keep separate state tax provisions from the federal prohibition on deductions to help alleviate legal cannabis tax issues companies are facing. Currently, legal cannabis companies cannot deduct their business expenses from their taxes, a common business practice since cannabis remains a Schedule […]
NJCRC Approves 71 Licenses and Discusses Cannabis Grants
The NJ Cannabis Regulatory Commission (NJCRC) approved 71 cannabis licenses and rolled out cannabis grants to help cannabis entrepreneurs who need capital. Conditional Licenses Approved NJCRC Executive Director Jeff Brown announced the following license winners: 1 AC Flower Pot LLC Cultivator Micro 2 CC Bloom LLC Cultivator Micro 3 Eighth Street Provisions Cultivator Standard 4 […]
Wu-Tang Clan’s Raekwon Smoking Out Newark With New Cannabis Lounge
Wu-Tang Clan’s Raekwon “The Chef” is opening Hashstoria, a cannabis lounge, at 799-805 Broad Street in Newark
Science & Engineering Opportunities in the New Jersey Cannabis Industry
The cannabis industry is a rapidly changing field with endless opportunities. New Jersey is positioning itself as a hub of innovation.