New Jersey governor proposes stiff marijuana tax hike, new hemp levy
New Jersey Gov. Phil Murphy is proposing a significant tax hike on the state’s $1 billion adult-use marijuana industry and a new, even bigger tariff on intoxicating hemp products.
New Jersey MMJ Business News
New Jersey Gov. Phil Murphy is proposing a significant tax hike on the state’s $1 billion adult-use marijuana industry and a new, even bigger tariff on intoxicating hemp products.
New Jersey’s adult-use cannabis market has experienced surging growth since it launched in April 2022.
In the next few months, cannabis testing labs in New Jersey will be subject to new labeling requirements and must obey new action limits under recently approved rules.
Medical cannabis dispensaries in New Jersey could bypass local bans and start selling recreational marijuana without municipal approval if a bill recently introduced in the state Senate becomes law.
Maryland legislators have introduced two complementary bills to establish rules and regulations for cannabis consumption lounges.
Colorado companies producing cannabis gummies prove there is room for newcomers in mature marijuana markets to compete, innovate and grow.
New Jersey social equity cannabis operators will be the first to apply for consumption-lounge licenses beginning Jan. 2, state regulators announced.