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New Jersey Governor's Cannabis Tax Hike Sparks Debate
Friday, February 28, 2025 - 9:44am | 962Gov. Phil Murphy's proposal to raise New Jersey's cannabis excise tax from $2.50 to $15 per ounce has ignited a fierce debate among lawmakers and industry leaders. Billed as a strategy to fund social programs, the sixfold increase has raised concerns about its potential impact on the state's legal...
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New Jersey's Tax Hike Gambit: DraftKings, BetMGM Brace For Impact
Thursday, February 27, 2025 - 9:49am | 472New Jersey's latest budget proposal could shake up the online sports betting (OSB) and iGaming landscape. JPMorgan analyst Joseph Greff is ringing the alarm. Governor Phil Murphy's fiscal year 2026 budget plan includes a tax rate hike for OSB and iGaming operators, jumping to 25% from 13% and 15...
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Jeff Van Drew Calls Out Pentagon For Hiding Information About Mysterious New Jersey Drones: 'National Security Crisis We Cannot Ignore'
Thursday, December 12, 2024 - 9:09pm | 700On Thursday, Rep. Jeff Van Drew (R-N.J.) called out the Pentagon for allegedly hiding information about unidentified drones spotted near military locations in New Jersey. What Happened: The representative said, “We aren't being told the truth.” He went on to say in a Fox News interview...
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New Jersey Hemp Law Faces Setback As Federal Judge Blocks Out-of-State Product Ban
Saturday, October 12, 2024 - 12:25am | 798A federal judge has struck down parts of New Jersey’s recently enacted hemp law, ruling that certain provisions unlawfully restrict interstate commerce and conflict with federal regulations. The decision delivers a partial victory to hemp businesses that challenged the law, though key...
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New Jersey Hemp Companies File Lawsuit Over Strict Regulations, Arguing Farm Bill Protects Them
Monday, October 7, 2024 - 5:20pm | 552Hemp companies in New Jersey have filed a lawsuit challenging the newly signed regulation that limits the sale of hemp derived products like Delta-8 THC. Arguing that the new regulations effectively criminalize hemp, the plaintiffs say hemp is federally legal under the 2018 Farm Bill, and that New...
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Gov. Murphy 'Honored' As NJ Black-Owned Cannabis Cultivator Names Strain After Him
Monday, June 3, 2024 - 8:35am | 695Gov. Phil Murphy (D) paid a surprise visit to a Black-owned New Jersey cannabis cultivator, Prolific Growhouse where he too had a surprise waiting for him. Upon arrival to the facility, Murphy was handed a promotional flier for a new cannabis strain created just for the governor, "Murphy's Sourz,"...
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Efforts To Make Cannabis Industry Equitable Are Paying Off In These Two States
Friday, October 6, 2023 - 4:57pm | 461Illinois' Legal Marijuana Industry Booms According to a new annual report from the Illinois Department of Financial and Professional Regulation (IDFPR), the legal cannabis industry in Illinois experienced remarkable growth in fiscal year 2023. Year-to-date the state's retail cannabis...
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EXCLUSIVE: Why TerrAscend's Success Doesn't Rely On Federal Cannabis Reform
Thursday, September 28, 2023 - 4:06pm | 817At a time when marijuana businesses are hoping for cannabis reform on the federal level, one company is no longer at the mercy of policymakers on the Hill. "We're independent of the need for federal reform or tax relief or anything like that," Jason Wild, chairman of TerrAscend Corp....
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Gold Bars, Stashed-away Cash And Back-alley Deals: New Jersey Senator With 'Goodfellas' Written All Over Him Faces 'Sickening' Bribery Charges
Sunday, September 24, 2023 - 10:44am | 907Following Hunter Biden‘s indictment, the Democratic camp has been rocked by yet another scandal involving Sen. Robert Menendez (D-NJ) as the 2024 presidential election looms. What Happened: The U.S. attorney for the Southern District of New York charged Menendez and his wife Nadine for taking...
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Phil Murphy Urges GOP Senator Bob Menendez To Resign After Second Indictment: 'These Are Serious Charges That Implicate National Security'
Friday, September 22, 2023 - 10:27pm | 592Leading Democrats in New Jersey are urging Senator Bob Menendez to step down, following his second indictment on bribery charges. This call comes as the charges leveled against him are reportedly far more severe than previously anticipated. What Happened: The indictment alleges Menendez,...
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Governor Murphy Blasts Chris Christie For New Jersey's 'Biggest Policy Mistake' In 50 Years: '20% Of American Economy Rides On These...'
Monday, July 10, 2023 - 2:28am | 488New Jersey Governor Phil Murphy On Friday berated former Governor Chris Christie for blocking the Gateway tunnel project linking New York and New Jersey. What Happened: Murphy, in an interview during NBC’s “Meet the Press,” criticized Christie for what he...
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Bipartisan Push For MMJ Home Grow In PA, Detroit To Get More Weed Shops And More Cannabis Reg Updates
Wednesday, June 28, 2023 - 3:59pm | 751Bipartisan Duo Pushes For MMJ Home Grow In Pennsylvania A new legislative push in Pennsylvania seeks to allow state-approved medical cannabis users to cultivate marijuana plants for personal use at their homes, reported ABC27. The bipartisan duo of state Senators Sharif Street (D-Philadelphia) and...
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Taylor Swift Just Received A Hilarious Honor In New Jersey — And You'll Probably Never Guess What It Is
Saturday, May 27, 2023 - 2:47pm | 699Last week, pop diva Taylor Swift performed at the Gillette Stadium in Foxborough, Massachusetts, as part of The Eras Tour. While Swift has amassed a massive fan base across the country, New Jersey Governor Phil Murphy has especially shown an extraordinary love for...
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Gov. Hochul Refers To Opioid Addiction In State Of The State, DPA Suggests More Overdose Prevention Centers
Wednesday, January 11, 2023 - 1:35pm | 947New York Governor Kathy Hochul delivered her 2023 state of the state address on Tuesday, sharing her plan to make New York a better place. Among many issues, Hochul touched on strengthening mental health care, drugs and overdose troubles. She also shared a...
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Detroit's First Marijuana Retailers, GOP Cannabis Research Bill, New Jersey's $10M Funding Program
Wednesday, December 28, 2022 - 2:54pm | 573Detroit Awards First Rec Cannabis Retail Licenses Last week, Detroit officials awarded the first 33 recreational cannabis licenses after a months-long reviewing process. The Office of Marijuana Ventures & Entrepreneurship gave the green light to licenses for 13 non-equity applicants and 20...