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New Jersey

Fri
18
Mar

New Jersey gets more than 170 cannabis dispensary applications on first day

weighing cannabis buds

Recreational pot sales are coming to New Jersey soon.

New Jersey began accepting applications on Tuesday from individuals hoping to get in on the ground floor of the state’s coming recreational cannabis industry. By day’s end, state regulators had attracted plenty of interest.

NJ.com reported that the New Jersey Cannabis Regulatory Commission said that by 4 p.m. on Tuesday afternoon, it had received 172 applications from individuals interested in opening a cannabis retail store.

Thu
24
Feb

3 Hoboken storefronts eyed for cannabis locations

cannabis

Since New Jersey has legalized the sale of marijuana, municipalities across the state are working on how to accommodate the growing businesses while complying with state and federal laws. Here in Hoboken, the Cannabis Review Board is considering three locations for dispensaries. Read on to learn about the cannabis dispensary proposals and the upcoming meeting. 

Background Info

The Cannabis Review Board exists somewhere between a licensing board and a zoning board. It was established in August 2021 as a way to manage the application and approval process for cannabis-based businesses to do business in Hoboken. The types of businesses allowed and where they can be located are dictated by law, and the Review Board grants the necessary licenses for these businesses.

Wed
23
Feb

Fears grow that black businesses will be left out of recreational marijuana market

black woman

 

Jersey City plant shop owner Shayla Cabrera has eyed the cannabis industry for years, dreaming of growing and selling her own cannabis crop in a market where sales are expected to top one billion dollars the first year.

As a black woman, Cabrera has an edge in the highly competitive race to snag the limited number of cultivator licenses. New Jersey has pledged to prioritize applicants from marginalized populations, as it looks to atone for a war on drugs that ravaged communities of color.

Tue
22
Feb

NJ legalized weed one year ago. Here's what you can (and still can't) do with marijuana

Governor

One year ago today, Gov. Phil Murphy briefly switched gears during his regular COVID-19 briefing. 

It had been a few hours since the Legislature had finally — after months of political theater — passed the final bill that, as part of a package, would legalize marijuana.  

"New Jersey's broken, indefensible marijuana laws ... are no more," Murphy said, as the livestream switched over to an image of a masked Murphy displaying the signed bills. 

It’s been exactly one year since New Jersey became the 13th state to legalize marijuana for adult use — four more states have legalized weed since then — but, except for a few changes on paper, nothing much has changed in the Garden State.

Fri
11
Feb

Can I deduct my cost for medical marijuana on my state taxes?

calculator

Medical marijuana is legal in New Jersey, however, medical marijuana has not been legalized in federal law.

For federal law purposes, medical marijuana is considered a “controlled substance” and the expenses for marijuana and other controlled substances cannot be included as a medical expense for federal taxation purposes, said Patricia Daquila, a certified financial planner and certified public accountant with Peapack Private Wealth Management in New Providence.

Fri
04
Feb

New Brunswick endorses first eight marijuana businesses

dispensary

 

NEW BRUNSWICK, NJ – The city has endorsed eight applications to open recreational marijuana businesses here.

The next step is for the applicants to obtain approval from the state.

The applicants approved for licenses are Earth & Ivy, Puffin Store, Maryjayne's Touch, NB Green Delivery, LBOZ, NBFC, DC Vitality, and Fathom Cannabis, according to a public notice.

The city is permitting cannabis retailers in CAN-RD zones. The city is supporting Earth & Ivy, 355 George St.; Puffin Store, 382 George St. and Maryjayne's Touch, 70 Easton St. for retail licenses. 

Wed
02
Feb

Why NJ may not start legal marijuana sales on time

girls smoking weed

New Jerseyites older than 21 are supposed to be able to walk into a dispensary and buy weed starting on February 22nd. At least, that was the deadline set when the state legalized cannabis a year ago.

This opening date is now in doubt. Already up-and-running medical marijuana companies say they are ready to transition to serving recreational buyers as soon as they get the green light from Gov. Phil Murphy’s administration. But state officials say they are worried about whether there will be enough supply to meet the initial demand.

Tue
01
Feb

New Jersey congressman outraged that not one cannabis license issued to black-owned businesses

congressman

Fifty-six licenses in, and not a single license has been issued to Black-owned businesses in New Jersey.

Representative Donald M. Payne, Jr. issued an official statement on January 28, announcing his disapproval that not a single cannabis license, out of 56 licenses issued in New Jersey, was granted to Black-owned businesses.

New Jersey’s Cannabis Regulatory Commission (CRC) is the entity in charge of issuing any cannabis licenses, and the CRC has not issued one to any of the state’s Black business owners. The CRC started taking applications from adult-use cannabis growers, manufacturers and testing labs on December 15, 2021.

Thu
20
Jan

Deadline looms for decisions concerning New Jersey’s recreational cannabis sales

cannabis
 
Since the legalization of adult use recreational marijuana, it seems like it’s been one deadline after the next. There’s another one coming up next month, one the cannabis industry in New Jersey has long waited for.
Tue
18
Jan

NJ legal weed: Home grow is a no-go, but advocates push to change that

bag of weed

New Jersey is unlikely to allow its marijuana users or medical marijuana patients to grow their own cannabis plants at home, the new president of the state Senate said this month. 

State Sen. Nick Scutari, D-Union, was the main proponent of New Jersey marijuana legalization in the state Senate and was elected by his colleagues as the body's president this year. But speaking to a virtual webinar of cannabis industry entrepreneurs and experts, he said he "did not see (home grow) happening right now," repeated a common refrain that allowing "home grow" would only contribute to the black market and hold back the legal industry from taking off. 

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