New Jersey CannaBusiness Association
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Promotes jobs and growth in a sustainable, responsible, and inclusive New Jersey cannabis industry
New Jersey CannaBusiness Association
1w ago
Compliant Cannabis Marketing in New Jersey
New Jersey’s general advertising requirements and prohibitions make marketing a cannabis business very different from marketing other types of businesses. With that being said, you can still take advantage of great cannabis marketing strategies and effectively advertise your cannabis business or products while maintaining compliance.
Each state’s cannabis marketing regulations are unique, and some are more demanding than others. Regardless of what state you’re in, the most important component of cannabis marketing is compliance. Your business’ marketi ..read more
New Jersey CannaBusiness Association
1M ago
The cannabis industry is booming, but with great growth comes great responsibility—especially in cybersecurity. This booming market, often dubbed the “Green Rush,” is a prime target for cybercriminals due to its unique vulnerabilities.
https://www.cmitsolutions.com/edison-piscataway
This article equips you, the cannabis entrepreneur, with the knowledge and actionable steps to safeguard your business from cyber threats.
Why Cannabis Businesses are Sitting Ducks for Hackers
The nascent cannabis industry often lacks robust security protocols, making them ripe for attacks. Many businesses are star ..read more
New Jersey CannaBusiness Association
1M ago
This is not going to be a surprise to most people reading this, but it will to some. Cannabis operators cannot deduct ordinary and necessary expenses that come with operating a business, such as costs for personnel, management, general and administrative expenses, interest, security, and rent. Why?
1. Internal Revenue Code Section 280E (§280E) states “no deduction or credit” is allowed for those trafficking a Schedule I or Schedule II substance.
2. As of March 2024, cannabis is currently a Schedule I substance.
3. “Trafficking” means buying or selling
4. Cost of sales or costs pertaining direc ..read more
New Jersey CannaBusiness Association
1M ago
By Claudia Post
The state of Pennsylvania has reached a curious inflection point with legal cannabis. While there is strong support for legalization among residents and politicians alike, Pennsylvania has fallen behind neighboring states when it comes to adult-use cannabis.
With New York, New Jersey, Maryland, and Ohio all having legalized at this point, Pennsylvania lawmakers are beginning to recognize the lost financial opportunities with recreational cannabis. For non-medical consumers in Pennsylvania, the only option is going across state lines and spending money elsewhere.
While adult-use ..read more
New Jersey CannaBusiness Association
1M ago
By now, most of us are well aware of the cost savings over the lifespan of LED fixtures, but the truth is that for
businesses working with tight build-out budgets, LEDs often don’t make the cut.
In fact, the higher upfront investment for these energy- efficient grow lights over traditional HPS or MH fixtures
is one of the only frustrations growers have with the technology. But, what if there were a way to substantially reduce the cost through energy rebates and other financial incentives specifically targeting commercial cultivators?
How To Find Energy Rebates and Incentives
According to MJBiz ..read more
New Jersey CannaBusiness Association
1M ago
On the heels of Trulieve filing for over $143 million in tax refunds, the cannabis world is all waiting with bated breath to see whether or not the canna giant is going to be the first in line to put pressure on the tax code that currently disallows the deduction of operating expenses.
Following an aggressive opinion piece published last week by MJBiz Daily, which threatens cannabis businesses into filing for refunds or facing the wrath of their investors, here are some actual professional thoughts as to whether or not this is a legitimate direction you need to consider.
IRC 280(e) strictly pr ..read more
New Jersey CannaBusiness Association
1M ago
Effective Onboarding: Ensuring a Smooth Transition for New Hires
The first few days at a new job can be both exciting and overwhelming for new hires. A well-designed onboarding process is crucial for ensuring that employees not only adapt quickly but also thrive in their
new roles. In this blog post, we will explore the importance of effective onboarding and the potential
costs of neglecting this crucial aspect of the employee lifecycle.
The Importance of Effective Onboarding
Accelerated Integration
An efficient onboarding process accelerates the integration of new hires into the company cultu ..read more
New Jersey CannaBusiness Association
1M ago
As a member of the New Jersey Cannabusiness Association, you know that the cannabis industry is
growing rapidly. With this growth comes new challenges, including finding a reliable and affordable
energy supplier.
Sprague has been providing energy solutions to businesses for over 150 years. We have the expertise
and experience to help you navigate the complex energy landscape and find the right solution for your
needs.
According to a 2022 report by the National Cannabis Industry Association, energy costs are the largest
overhead cost for cannabis businesses, accounting for an average of 25% of ..read more
New Jersey CannaBusiness Association
1M ago
Trenton — New Jersey CannaBusiness Association (NJCBA) President Scott Rudder and Bill Caruso, NJCBA General Counsel, Partner at Archer & Greiner, Chair of Archer’s Cannabis Practice, issued the following statements today regarding the Senate Judiciary Committee hearing on the implementation of recreational cannabis, at which both are scheduled to testify:
NJCBA President Scott Rudder
“Every state that has launched a cannabis industry faces significant challenges getting started. This is not unique to New Jersey. Despite these challenges, we are m ..read more
New Jersey CannaBusiness Association
1M ago
Trenton — The New Jersey CannaBusiness Association (NJCBA) today came out in full support of S3944, legislation sponsored by Senator Teresa Ruiz that would prohibit the production or sale of products containing delta-8 tetrahydrocannabinol (delta-8) in New Jersey. The legislation mirrors that of A5440, sponsored by Assembly members Paul Moriarty, Herb Conway, Jr., and Shanique Speight. The legislation was heard and voted out of the Senate Law and Public Safety Committee today, where NJCBA leadership testified in favor of the bill.
“It is shocking to see delta-8 and other unregulate ..read more