Posted: April 12, 2019
U.S. Sen. Bob Menendez introduced the Secure and Fair Enforcement Banking Act to enable legal cannabis businesses to access banking services. Currently, legal cannabis businesses can be denied access to the banking system because banks can be prosecuted under federal law.
Posted: April 10, 2019
It’s tax time for everyone, but for entrepreneurs in the rapidly growing cannabis business, it’s a particular challenge.
Posted: March 12, 2019
Governor Murphy and New Jersey legislative leaders have announced an agreement on the broad outlines of legislation to legalize adult-use marijuana in New Jersey, including the tax rate, regulatory structure and expungement provisions.
Posted: February 13, 2019
If adult-use cannabis is legalized in New Jersey, it is crucial that the state decouples from the federal law governing cannabis — Internal Revenue Code 280(E) — to have a viable cannabis industry.
Posted: February 11, 2019
A senator and a representative from Oregon aim to bring state and national cannabis laws into greater alignment.
Posted: January 25, 2019
State leaders are now considering a proposal that would tax marijuana by weight, rather than an excise tax on the sale.
Posted: January 23, 2019
In a survey conducted earlier this month, 48 percent of the 1,063 NJCPA members who responded said legalizing adult-use marijuana in New Jersey would help the economy, compared to 22 percent who said it would have no impact and 20 percent who said it would hurt the economy.
Posted: January 14, 2019
The risks are lower than many accountants think - and the rewards are greater.
Posted: October 10, 2018
A dispensary owner becomes the first person sentenced for marijuana-related tax crimes.