Gov. Phil Murphy

Gov. Phil Murphy made headlines with a surprise visit to Prolific Growhouse, a Black-owned cannabis cultivator in New Jersey. His visit aligns with Garden State’s rapidly expanding cannabis market and coincides with the upcoming Benzinga Cannabis Market Spotlight event on June 17. Murphy...

New Jersey's dynamic cannabis landscape continues to evolve as two pivotal developments reflect its commitment to community well-being and maturing market. Medical Marijuana Sales Decline As Recreational Sales Rise The medical marijuana (MMJ) market experienced a decline in sales...

Connecticut and Illinois recently made significant moves to show their support for marijuana industries by enacting tax relief via their budget legislation. What's News? Connecticut Gov. Ned Lamont (D) signed a bill to provide state-level tax relief for licensed marijuana...

Connecticut lawmakers took a major step toward bolstering the state's marijuana industry by advancing two bills to Gov. Ned Lamont (D) for final approval. The first, a budgetary measure that seeks to provide tax relief to licensed cannabis businesses, which are currently barred from...

New Jersey Gov. Phil Murphy did the cannabis industry in his state a huge favor when he signed a law decoupling marijuana businesses from federal IRS Code Section 280E, the bane of the industry’s collective existence.  What happened: The legislation, written by New Jersey...

Curaleaf Holdings Inc. (OTC: CURLF), one of the biggest legal cannabis cultivators and distributors in New Jersey and the U.S., intends to shut down one of its two cultivation sites in Camden County and potentially cut up to 40 jobs, according to a company statement made to NJ...

Under the Internal Revenue Service (IRS) code 280E, the marijuana industry remains blocked from taking federal deductions, which precludes entities that illegally sell Schedule I or II drugs from key tax deductions in their federal filings. However, as partial relief, the New Jersey Assembly in a...

Organized by the US Cannabis Council (USCC), the Buy Legal campaign is partnering with elected officials, cannabis companies, individuals and organizations to promote a safe, legal and well-regulated industry.  The campaign kicks off on Thursday, Nov. 3 in New Orleans at the...

Since the launch of recreational marijuana sales in New Jersey, the state has taken in $4.6 million in tax revenue in just the first 10 weeks of sales. “The market is improving. It is performing as we expect with the current number of dispensaries, the spread of...

The Psilocybin Behavioral Health Access and Services Act, introduced by Democrat Nicholas Scutari and sent to the Health, Human Services & Senior Citizens Committee late last week, seeks to legalize the production and use of magic mushrooms in populations 21 and...

New Jersey weed enthusiasts started lining up before dawn at dispensaries Thursday across the Garden State as adult-use cannabis sales went into effect. After the long wait on a bumpy road to marijuana legalization, enthusiasm is running high. “With soul music blaring, free...

New Jersey Senate president Nick Scutari (D) called delays in rolling out the state’s legal marijuana market unacceptable and is intending to form a special legislative committee to explore the issue through oversight hearings. Though there have been a variety of opinions on the state...

After missing a self-imposed deadline to open the state for legal marijuana sales, New Jersey Governor Phil Murphy (D) said the state is “within weeks” of having existing medical weed dispensaries sell recreational cannabis to adults 21 and older. “If I had to predict,...

It’s that time of the year when our honorable state governors deliver their state-of-the-state messages, most of which predictably highlight the wonderful things they've done for their constituents and the economic progress they achieved since being elected. This year, several...

On the heels of voters approving a constitutional amendment to legalize cannabis for adults in New Jersey, Gov. Phil Murphy tapped Senior Policy Advisor Dianna Houenou (pictured) to chair the Garden State's Cannabis Regulatory Commission. Houenou — who also serves as...