New Jersey

Assembly Committees in New Jersey Senate Advance Cannabis Bill

New Jersey made its way back in headlines when legislative Assembly committees in the state Senate advanced a bill to regulate legal cannabis within state lines and bring the new state industry to life.  Of course, the last time New Jersey was being lauded for their recreational cannabis progress was earlier this month, when residents voted to make cannabis legal. Now, the state is faced with a task. Before legal cannabis can become a reality, regulatory processes must be there to keep things operating smoothly.  Now, the Assembly Appropriations Committee has voted 7-4 to pass on A21, a plan to […]

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NJ Passes Bill To Decriminalize Marijuana, Ease Penalty For Mushrooms

On Thursday, the New Jersey state legislature amended a bill that will decriminalize possessing up to six ounces of marijuana, according to The Philadelphia Inquirer. In a surprise addition, magic mushrooms were also included in this bill to decriminalize marijuana, downgrading the penalty from a third-degree felony to a disorderly conduct offence for possession of up to an ounce. It was the first time a marijuana decriminalization bill was passed by a ballot measure. The bill, S 2535, follows last week’s legalization of recreational marijuana in New Jersey and three other states. Voters approved ending prohibition of the drug in a constitutional […]

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Higher Law: After Election, What's Next for Cannabis? | New Cert Petition on Marijuana Taxes | New Jersey Gets a New Pot Regulator – Law.com

Resources CLE Center Legal Compass Events Webcasts Lawjobs Professional Announcements Premium Subscription With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. View Now Team Accounts Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along […]

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Fault Lines Emerge As New Jersey Democrats Navigate Cannabis Legalization

News By Politico Posted on November 12, 2020 Gov. Phil Murphy and state lawmakers are at odds A week after New Jerseyans voted to legalize cannabis, Gov. Phil Murphy and state lawmakers are at odds over legislation that would allow the state to become the only adult use market between Washington, D.C., and Massachusetts. On Monday, the Senate Judiciary Committee and the Assembly Oversight, Reform and Federal Relations Committee advanced the legalization bill, NJ S21 (20R) / NJ A21 (20R), after roughly six hours of cumulative testimony. The measure was introduced and placed on the legislative fast track last week, just days after two-thirds […]

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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.  According to NORML, the pair of companion bills “would allow adults 21 and older to legally possess and purchase up to one ounce of marijuana,” as established by […]

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New Jersey Governor Appoints Two Members to Commission to Oversee State's Cannabis Industry – Cannabis Business Times

New Jersey Sen. Nicholas Scutari (D-Union) introduced legislation Nov. 6 to implement the state’s adult-use cannabis program, just days after voters passed a legalization initiative on Election Day, according to an NJ.com report. The bill, S.21/A.21, outlines how the state’s newly legal cannabis industry will operate, and largely mirrors an unsuccessful legalization bill Scutari sponsored last year, NJ.com reported. The bill, which consists of 206 pages, includes many “hyper-technical” changes from the legislation considered last year, Scutari told NJ.com, as well as one more substantial change: medical cannabis license holders will be able to open two additional cultivation sites to […]

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New Jersey Lawmakers Vote to Advance Legislation to Implement Marijuana Legalization

Members of two separate legislative committees today voted to advance enabling legislation to implement Question 1, which was overwhelmingly approved by voters on November 3 to legalize and regulate marijuana production, use, and retail sales for adults in the state. Companion bills A21 / S21 would allow adults 21 and older to legally possess and purchase up to one ounce of marijuana. The measures would also allow for home delivery, on-site consumption, protections for employees, students, parents, tenants, and those needing organ transplants, among other provisions. Lawmakers failed to include provisions allowing adults to cultivate marijuana for personal use.  S21 […]

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With legalization come hopes that cannabis could be a lucrative crop in New Jersey – The Philadelphia Inquirer

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

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accountants: Change tax code to level cannabis playing field – New Jersey 101.5 FM Radio

Because the Garden State currently piggybacks on a specific section of the federal tax code, smaller operators may struggle to thrive in New Jersey’s eventual legal marijuana market, according to a statewide group of accountants. The New Jersey Society of CPAs is calling on the state to decouple from Internal Revenue Code Section 280E, which “prohibits any company illegally engaged in drug trafficking from deducting business expenses on personal or corporate income tax returns.” Through this move, which can cut costs significantly, NJCPA said, lawmakers would open the industry to small businesses, minorities and women interested in joining — not […]

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