January 08, 2024
Beginning January 1, 2024, the state Social Equity Excise Fee (SEEF) decreases to $1.24 per ounce of cannabis. This adjustment is down from $1.52 per ounce in 2023. The SEEF is due on each usable…
Read More...September 27, 2023
While recreational cannabis has been legal for nearly three years in New Jersey, some business types are just now able to begin their official license application process. License Class Types for NJ Cannabis Businesses The…
Read More...June 08, 2023
Introducing the NJ Cannabis Training Academy While the cannabis industry continues to grow, many are feeling the pressure when it comes to applying for a recreational cannabis license and actually starting a business. The New…
Read More...May 10, 2023
On May 8, 2023, New Jersey Governor Phil Murphy officially signed legislation that effectively decouples state tax provisions from the federal prohibition on cannabis business deductions beginning with the 2023 tax year. The bills, A-3946/S-340,…
Read More...December 30, 2022
As of January 1, 2023, the Social Equity Excise Fee (SEEF) increases to $1.52 per ounce of cannabis. This adjustment is up from $1.10 per ounce in 2022. The SEEF is due on each usable…
Read More...October 31, 2022
In addition to obtaining a license and real estate, one more hurdle faced by cannabis business owners is complying with Section 280E of the Internal Revenue Code. Update as of May 2023: New Jersey has…
Read More...October 10, 2022
On October 6, 2022, Alloy Silverstein Accountants and Advisors hosted a virtual panel discussion with some of the top industry leaders and advisors of cannabis in New Jersey, featuring special guest Commissioner Krista Nash of…
Read More...July 15, 2022
As of April 2022, cannabis sales have become legal for recreational and medical use for anyone 21 years and older in New Jersey. Most proponents of legalization tout the benefits of a strong revenue stream…
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