New Jersey Medical Cannabis Business & Marijuana Legal News

New Jersey governor formally unveils agreement on adult-use cannabis bill

New Jersey Gov. Phil Murphy and legislative leaders formally announced Tuesday they’ve agreed on legislation to legalize recreational marijuana that would call for a $42-per-ounce tax on the product. The governor and two fellow Democrats, Assembly Speaker Craig Coughlin and Senate President Steve Sweeney, announced in a statement the agreement had been reached after more […]

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New Jersey joins states that allow medical cannabis as opioid alternative

New Jersey Gov. Phil Murphy’s administration has added opioid addiction to the list of qualifying conditions that are treatable with medical marijuana, a move that could provide a boost to MMJ sales. In 2015, New Jersey health care providers wrote 55 opioid prescriptions per 100 persons, or 4.9 million prescriptions, according to the National Institute […]

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New Jersey increases number of medical marijuana dispensaries to a dozen

New Jersey regulators doubled the number of medical marijuana dispensaries that can operate in the state, adding six more for a total of 12. The move could help alleviate a product shortage that arose from a growing patient pool amid limited business licenses. According to NJ.com, the state’s health department revealed it will allow the […]

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Week in Review: NJ adult-use cannabis bills advance, OH credit union plans MMJ banking & MA recreational sales boom

New Jersey legislative committees advance potentially groundbreaking adult-use cannabis legislation, an Ohio credit union offers limited banking services to medical marijuana companies, and sales are booming at Massachusetts’ first two recreational MJ stores. Here’s a closer look at some notable developments in the marijuana industry this week. Garden State marijuana legislation moves Cannabis businesses are […]

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New Jersey legislative committees advance adult-use cannabis legislation

New Jersey took a big step Monday toward becoming the latest state to legalize recreational marijuana when separate panels in the Senate and the Assembly approved identical legislation and sent it to the full Legislature for a vote. Gov. Phil Murphy, a pro-marijuana Democrat, has said he wants a legalization bill to be sent to his […]

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New Jersey lawmakers unveil legislation proposing legalizing adult-use cannabis

New Jersey lawmakers released their latest proposal to legalize recreational marijuana in the state. A joint Democrat-led Assembly and Senate committee is expected to discuss the package of measures on Nov. 26. It’s the latest draft in a long-running effort to legalize recreational cannabis in New Jersey, where the effort has stalled, despite support from […]

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Cannabis business predictions take center stage at MJBizCon 2018

Three more states could prove likely candidates to legalize recreational cannabis in 2019. Uncle Sam may be poised to reform the nation’s marijuana laws. And annual medical marijuana sales in the United States are projected to drop for the first time in 2018 – but the decline is expected to prove short-lived. Those were just three […]

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