NJ Cannabis Regulators Punt Social Equity Tax Decision with Commission Split
In an October meeting, the five-member Cannabis Regulatory Commission was divided on how to approach a proposed tax increase to the Social Equity Excise Fee (SEEF) on cannabis. The tax, paid by cannabis cultivators, goes towards communities impacted by the war on drugs. William J. Caruso spoke on the consequences...
Push to Raise State Fees on Legal Marijuana on Hold
The New Jersey Cannabis Regulatory Commission says that they need more time to deliberate on a proposed rate hike for the current Social Equity Excise Fee. The tax, which currently sits at $1.24 per ounce is levied on all legal marijuana grown and sold statewide. The new proposal would...
Intoxicating Hemp Products Still on Sale in NJ Amid Lawsuit
A judge’s recent decision allowing stores to continue selling hemp products with THC is the topic of several news stories, which include comments from Bill Caruso. A federal judge handed a partial victory to hemp businesses that sued to stop enforcement of the state’s new law restricting sales of intoxicating hemp products....
