Our firm's position is that cannabis is OK for the QOZ program, but that is probably not the position of every firm.
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With New Jersey’s legalization of recreational marijuana, how will that impact a cannabis business in an Opportunity Zone?
Can I legally create a QOZB now in this industry in this state?
Answers
Without doing research, I remember a prohibition on “sin” businesses in Opportunity Zones, such as gaming, alcohol, and probably cannabis. You should do some research.
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