Multiple news outlets have reported that Gov. Phil Murphy and state legislative leaders had reached an agreement with regards to legalizing adult use cannabis in the state of New Jersey. The state leaders had been negotiating about taxation for months after the newly elected Governor said he wanted to legalize adult use cannabis.
Legislative sources told the media that the rumored deal involved taxing cannabis by the ounce versus a sales tax, which seemed to be the point of contention. State Sen. Nicholas Scutari, D-Union, the prime sponsor of the legalization bill, said: “We don’t have a final deal.” Scutari told NJ Advance Media on Friday night. “There still are more details to be worked out, but the two sticking points (taxes and a commission regulating the industry), we are there. But we are not finalized.”
The New Jersey Globe reported, “The governor’s office and legislative leadership are in the process of counting votes now and neither side is expected to make any announcement [until] they are fully confident that they have the support to pass the measure.”
On Tuesday evening, February 19, Accelerate Cannabis is hosting an event from 5 to 9 p.m. at the New Jersey Performing Arts Center. New Jersey legislative insiders, representatives from the federal level, and international experts in investment and trading will be in attendance. Organizers of the event noted that a representative from Senator Cory Booker’s office hs just agreed to address our audience as well.
Organized by the team at Longview Strategic, presentations include cannabis specialists including policymakers regulators, strategists, entrepreneurs, attorneys, financial experts and more. The panel topics reflect the thoughts and questions of New Jersey residents: “New Jersey Legislative Updates,” “New Jersey’s Medical Program Expansion,” “Economics and Investment Perspectives,” “Products and Innovations,” and much more.
“The panelists are pioneers with experience in the field and they know nuances in this emergent industry here in New Jersey,” said Ellie Siegel, CEO, and Founder of Longview Strategic. “While the education and policy components are top-notch, Accelerate Cannabis will offer terrific networking opportunities for anyone interested in the business of cannabis.” Siegel said that consultants, local government experts, and cannabis brand leaders will discuss how New Jersey is prepared for adult-use legislation and the expansion of the medical program.
Some of the panelists include Chris Driessen, President of Organa Brands, which recently went public in a merger with Slang Worldwide (SLNG), Evan Eneman, Co-founder of Ello and a former managing partner at Casa Verde Capital, Kristin Jordan Senior Counsel at Greenspoon Marder, Bridget Hill-Zayat an attorney at the cannabis law firm Hoban Law, Michael Markarian, CEO of Contempo Specialty Packaging, and Dasheeda Dawson
Founder, CEO & President of MJM Strategy to name a few.
Tickets are $299 and available online.
MEDIA INQUIRIES ONLY: Cheryl Squadrito, Cheryl@
Editors Note: Green Market Report is a media partner for the Accelerate Cannabis Event.