Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November. A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people – would reach $850 million-$950 million in sales a year by 2024, according to a Marijuana Business Daily projection.https://tpc.googlesyndication.com/safeframe/1-0-37/html/container.htmlBut that’s Read More

(WXYZ) — It’s a lucrative business in Michigan. The marijuana industry is breaking records and is projected to hit a billion dollars in sales by the end of the year. However, the state is seeing less marijuana dispensary owners of color and that’s something they want to change. “It was a painstaking process,” said co-owner Read More

Astate law passed last year legally expunged all convictions for possession of less than two ounces of marijuana. But the paperwork remains in the court system’s files and those of police agencies. To get those documents destroyed, a person who had convictions for unlawful possession or fifth-degree criminal possession of marijuana may follow instructions issued Read More

WASHINGTON – Democrats in the House of Representatives postponed a planned vote next week on marijuana legalization following a backlash from moderate Democrats. The legislation, the MORE Act, would legalize marijuana at the federal level and expunge some marijuana-related criminal records, though it left the decision on the sale of marijuana up to the states. According Read More

Roughly 1 in 3 Americans could have access to legal recreational marijuana if voters approve state ballot initiatives this November. While a planned House vote on legalizing weed at the federal level is scheduled for later this month, the real action remains in the states. That’s because even if the House measure passes, there’s zero chance the Read More

Image credits Business Insider San Francisco (CNN Business)In 2016, the US election resulted in a green wave as cannabis legalization measures passed in eight out of nine states.Now, the industry and its supporters are hoping for another big win in November. This year, voters in five states will decide whether to adopt either new medical or recreational Read More

To assist the national marijuana industry in paying its federal taxes, the Internal Revenue Service issued a series of guidance documents that apparently are aimed at clarifying the process for businesses.The IRS announced the guidance via Twitter on Friday and wrote on its website that “a key component in promoting the highest degree of voluntary compliance on the part Read More

House Judiciary Chair Jerry Nadler (D-N.Y.), the lead sponsor of a bill that would remove the penalties for marijuana, said the calls for criminal justice reform pushed the bill from committee limbo to a vote on the floor. | Andrew Harnik/AP Photo Democrats are taking an unprecedented gamble this month: voting to legalize cannabis at Read More

LINCOLN, Neb. — Will Nebraskans get to vote or will the issue go up in smoke? Today the Nebraska supreme court heard arguments from both sides on the constitutionality of a proposed ballot measure that would bring medical marijuana to Nebraska voters. The stop at the Nebraska Supreme Court is just one of many challenges that Read More

Virginia Democrats are making headway in the efforts to reform the commonwealth’s criminal justice system, even if, on issues such as qualified immunity for police officers, it takes a couple of tries to get moving in the right direction. But they are still not ready to fully embrace one issue: marijuana legalization. Virginia did enact marijuana decriminalization. While Read More