New Jersey

Thu
26
Nov

N.J. must change ‘unreasonable’ system that determines who can sell medical marijuana, court rules

doctor holding pills

A New Jersey court on Wednesday ruled that the state wrongly rejected medical marijuana licenses for several companies and said the system used to rate applicants lacks transparency and creates confusion in the small and competitive marijuana industry.

A three-judge appellate court vacated the 2018 decision to award six licenses for new medical marijuana companies and remanded it to the health department to come up with a new rating system.

Wed
25
Nov

Assembly Committees in New Jersey Senate Advance Cannabis Bill

marijuana leaves

New Jersey made its way back in headlines when legislative Assembly committees in the state Senate advanced a bill to regulate legal cannabis wit

Tue
24
Nov

Cannabis Legalization: Tax Implications for New Jersey

In the Nov. 3 election, voters in New Jersey voted to legalize cannabis for recreational and/or medical use. As the marijuana industry continues to grow generating jobs and profits in New Jersey, CPAs have been asked to provide their services to businesses that cater to the ever-growing industry–but this is uncharted territory.

Mon
23
Nov

NJ Lawmakers Still Can't Agree on the Rules of Legal Cannabis

Marijuana Plants

 

A New Jersey Assembly voting session that had been scheduled for Monday and was to include a measure setting up the new recreational marijuana market has been canceled, Speaker Craig Coughlin said Friday.

Coughlin, a Democrat, said it was clear the legislation wouldn't get final approval because of differences between his chamber's bill and one in the Democrat-led Senate.

“The Assembly’s approach for producing fair and responsible legislation is to be thoughtful and deliberative,” he said in a statement.

Tue
17
Nov

Atlantic City Trying To Get Exclusive Cannabis Retail Rights In NJ

Already the gambling hub of the Garden State, Atlantic City is angling to become the capital of New Jersey’s emerging legal weed market.

Marty Small, the mayor of Atlantic City, said Wednesday that he wants the beach resort destination to be the lone place where marijuana can be sold in New Jersey for the next three to five years.

Mon
16
Nov

N.J. weed bill on hold as social justice advocates push for ‘justice’

When New Jersey voters opted to legalize recreational marijuana by a 2-to-1 margin last week, all that was left to do was set up the new marketplace.

But social justice advocates say they were dismayed by lawmakers’ first attempt at enabling legislation, which was pulled this week amid criticism.

“The bill that was introduced was an egregious, audacious, insidious white man money grab,” said Charles Boyer, director of the group Salvation and Social Justice and pastor of Bethel AME Church in Woodbury.

Fri
13
Nov

It soon could be legal to possess up to 6 ounces of weed in N.J. as bill advances

Lawmakers took another step toward decriminalizing the possession of marijuana Thursday, moving quickly after New Jersey voters last week came out in favor of legalization.

The Senate Budget and Appropriations Committee advanced the bill (S2535), which would legalize possession of up to six ounces of marijuana and make distribution of one ounce a civil penalty.

“I’m really proud that this bill is unique in of its kind," said Sen. Teresa Ruiz, D-Essex, who sponsored the legislation. "New Jersey will be at the forefront of the decriminalization conversations.”

Wed
11
Nov

New Jersey Officials Moving Forward With New Marijuana Legislation

Less than a week after voters in New Jersey resoundingly passed a measure to legalize adult use marijuana, lawmakers in the state moved forward on plans to implement the new law.

A pair of related bills passed out of two separate legislative committees on Monday, the Senate Judiciary and Assembly Oversight committees, with the aim to implement Question 1, the legalization measure that was approved overwhelmingly last week at the ballot box. 

Tue
10
Nov

With legalization come hopes that cannabis could be a lucrative crop in New Jersey

It was no surprise to Michael Di Croce when New Jersey voters approved a referendum Tuesday allowing anyone 21 and older to smoke marijuana recreationally.

For two years, Di Croce, the mayor of Shamong Township, Burlington County, has been pitching his Pinelands community as a potential marijuana epicenter in anticipation of legalization. His goal was to use the resulting revenue to lower local property taxes and maybe even build a community center with an Olympic size pool.

“I think it’s fantastic,” Di Croce said of the vote. “Farmers … have been struggling for a long time.”

Mon
09
Nov

Will medical marijuana survive once everyone can buy cannabis?

On Election Day, voters in New Jersey spoke loudly: legalize the sale of cannabis in our state. But as we move toward legalized recreational cannabis, we must not risk the health of medicinal cannabis patients.

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