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The U.S. Department of the Treasury has approved 169 New Jersey tracts that were nominated for the Opportunity Zone designation by Governor Murphy. The Opportunity Zone program was enacted in December 2017 as part of the federal Tax Cuts and Jobs Act, in order to stimulate long-term capital investments in low-income communities across the country.
On March 27, 2018, New Jersey Governor Phil Murphy effectively expanded the state’s medical marijuana program, announcing the 20-plus recommendations presented by the New Jersey Department of Health on March 23. The Health Department’s report was compiled in response to Executive Order 6, which the Governor issued on January 23 in order to spark a comprehensive review of New Jersey’s underutilized medical marijuana program.
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