Marijuana Business Magazine - April 2018

New Jersey A state assemblywoman wants to create a tax credit program for cannabis businesses in urban enterprise zones if the state legalizes recreational marijuana. Demo- crat Annette Quijano, chair of the Assembly Judiciary Committee, got the idea for such legislation from Nevada lawmakers while she was on a recent marijuana industry fact-finding trip. The bill would create a five-year pilot plan. It would allow a “qualifying business” in an urban enterprise zone to claim credits against either its gross income tax bill or credits against the company’s corpo- rate business tax bill. Ohio Six companies that lost in November when Ohio awarded 24 medical marijuana cultivation permits filed suit against the state’s Department of Commerce over what they allege was a “flawed scoring process.” The companies asked a judge to prevent the state from granting 12 large-scale cultivation permits. CannAscend Ohio filed the suit and was joined by Appalachian Pharm Products, CannaMed Thera- peutics, Palliatech Ohio, Schottenstein Aphria and Trillium Holdings. The filing followed public critiques from state Auditor Dave Yost, who has said the grow licensing process contained a “critical flaw.”