New Jersey

By Martin Tillier The three states that make up the New York tri-state area, New York, New Jersey, and Connecticut, are all in the process of implementing adult-use cannabis laws. All have some kind of procedure that allows local authorities and municipalities to opt in or out of the licensing...

Innovative Industrial Properties, Inc. (NYSE: IIPR), a cannabis-focused real estate company, closed on the acquisition of a New Jersey property and entered into a long-term lease with a subsidiary of Ascend Wellness Holdings, Inc. (OTCQX: AAWH) at the property....

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said there was a “surge” in U.S. online sports betting (OSB) revenue in November. The Numbers: Total digital gross gaming revenue (GGR) in November was up 25% month-over-month and 129%...

The state of New Jersey set a new sports betting record in the month of September with $1.01 billion placed in wagers. The record came with the return of the NFL and College Football games. What Happened: New Jersey is the first state to hit the $1 billion mark, according to PlayNJ. Legalized in...

Much of the focus on state laws regulating independent contractor status has been on California and its embrace of the ABC test through the AB5 regulation, whose exclusion from the state's trucking sector hangs on a battered injunction. But it may be New Jersey that is at the head of the move to...

Vertically-integrated cannabis company Ayr Wellness Inc. (CSE: AYR) (OTCQX: AYRWF) confirmed Monday it's acquiring GSD NJ, LLC, which is doing business as Garden State Dispensary. The Canadian company agreed to buy 100% of the New Jersey-based licensed operator's equity interests for $101...

Representatives of Nasdaq Inc (NASDAQ: NDAQ) and other major exchanges will meet with the Texas Governor Greg Abbott on Nov. 20 in Austin as they consider relocation of their trading platforms from New Jersey to Dallas, NBC 5 Dallas-Fort Worth reported Tuesday. What Happened: The meeting was...

The Scotts Miracle-Gro Co.’s (NYSE: SMG) shares went up 1.7% in pre-market trading on the heels of the company’s announcement that its total revenue spiked 79% to $890.3 million in the fourth quarter. For the year, company-wide sales rose 31% to $4.13 billion. Moreover, Hawthorne...

New Jersey has chosen to legalize the use of recreational cannabis on Tuesday in a ballot measure, the New York Times reported. What Happened: Over 67% of the respondents voted in favor of legalizing cannabis, while almost 33% voted against it, according to the Times.  The results reportedly...

Net sales at TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) amounted to CA$51 million in the company's third quarter earnings report for 2020. That’s a sequential increase of 8% and a 90% year-over-year. Moreover, adjusted EBITDA amounted to CA$17.8 million for the same period...

The state of New Jersey set a new monthly record for all states with $748.6 million in September sports betting wagers. September Record: The total is up 68% year over year and passes the $668 million total from August, which was a monthly record at the time. Through the first nine months of the...

This article was originally published on WeedWeek, and appears here with permission. On Nov. 3, New Jersey voters appear likely to approve a state-legal REC market. A choice to do so, according to supporters, could significantly bolster the state’s lagging economy and position it to play a...

A proposed tax bill in New Jersey reportedly has stock exchanges reconsidering the location of data centers in the Garden State. What Happened: Texas Gov. Greg Abbott is courting the Nasdaq (NASDAQ: NDAQ) to move its data centers to Texas, he said in a tweet Wednesday.  I've been talking...

Sports betting hit an all-time high for any state with New Jersey's $668 million total in August.  New Jersey's Sports Betting Receipts: New Jersey's total sports betting handle hit $668 million in August, more than double the $315 million reported in July. Online sports betting...