Charles X Gormally Discusses Economic Benefits of Legalizing Recreational Cannabis
States Could Benefit From Ramifications of Legal Cannabis, Says Attorney Charles X Gormally
The cannabis industry offers opportunities for states to benefit economically, as new jobs would be created and the high taxes on recreational marijuana would be a boon, according to cannabis attorney Charles X Gormally. Charles X Gormally works as an attorney and co-chair of the cannabis practice at Brach Eichler in New Jersey. He has considered the pros and cons of legalizing recreational marijuana and believes it would be economically advantageous to states for several reasons.
In New Jersey, for instance, under New Jersey Governor Phil Murphy’s budget proposal for 2020, $60 million in revenue is estimated to be brought into the state if recreational marijuana was legalized. This revenue, which would vary based on the state, would have a positive outcome for New Jersey, Charles X Gormally believes. The state’s income from taxes would help fund many important initiatives and keep things running smoothly, Charles X Gormally said.
In another state that has legalized marijuana, Colorado, more than $135 million was collected in taxes and fees in 2015. For many states that are struggling financially, the high taxes on recreational marijuana could open doors and solve some financial problems, said Charles X Gormally.
Of course, plenty of new jobs would come into a state that legalizes a new industry. There would be jobs needed in construction, sales, real estate and more. This would improve the state’s economy, provide employment opportunities and could potentially cause people to move to the state looking for better employment, Charles X Gormally explained.
Of course, there are potential disadvantages to legalizing recreational marijuana, and those need to be worked out by each state, Charles X Gormally acknowledged. But the money states could save by decriminalizing marijuana use, bringing in additional tax dollars and bringing in jobs would outweigh the potential downsides and pitfalls, Charles X Gormally said.
Charles X Gormally said it is important to him and the other attorneys in the cannabis practice at Brach Eichler to champion this cause. Legalizing cannabis in states and federally makes sense for struggling economies as it benefits citizens and governments. “States that have already legalized recreational cannabis have shown that there are many benefits to the economy and that any negatives can be overcome with thoughtful planning,” Charles X Gormally said.
For additional information about Brach Eichler’s Cannabis Law Practice, which has several attorneys in the practice, contact Charles X Gormally, member co-chair, at (973) 403-3111.
Attorney Charles X Gormally Hikes Copper Canyon to Deliver Eyeglasses to Natives
Former Mountain Lakes Mayor Charles X Gormally Donates to Tarahumara Mexican Natives
Charles X Gormally, former mayor of Mountain Lakes, New Jersey, and accomplished attorney at law firm Brach Eichler, chooses to spend his free time helping others while spending quality time with his loved ones. Charles X Gormally and his family members complete hikes within Copper Canyon Mexico, delivering eyeglasses to isolated Tarahumara natives.
The Tarahumara natives of Mexico live in caves, under cliffs and in small wood and stone cabins in remote areas of Copper Canyon. According to Mex Online, their life is simple and “undisturbed by modern technologies.” One of those technologies often includes vision care, said Charles X Gormally.
“When I became aware of this, my family and I knew that we had to do something to help out,” Charles X Gormally said. “We’re able to hike in the beautiful Copper Canyon and enjoy the natural beauty while also bringing eyeglasses to the Tarahumara.”
Copper Canyon is a stunning, isolated spot for hiking that includes many small towns, which Charles X Gormally said his family has enjoyed visiting during their hikes.
Mex Online states that the Mexican government recommends asking for permission to take photos, enter accommodations or cross Tarahumara land and that their privacy is respected. Charles X Gormally said he is careful to maintain a respectful distance and not to be invasive with his deliveries.
“Many Tarahumara natives have poor eyesight and no access to obtaining glasses,” Charles X Gormally said. “My family brings as many pairs as we can carry on our hikes to leave with the natives.”
The Tarahumara natives have received attention from the company Health Warrior, which launched a Kickstarter campaign in 2017 to aid in their agricultural efforts. According to the Kickstarter page, “Sales of Mexican Chocolate Chia Bars through this Kickstarter will help to restore the drought-stricken farms of the Tarahumara people and, in so doing, preserve their inspiring culture rooted in the joy of movement and ancient, nutritional wisdom.
No stranger to hiking, Charles X Gormally and his family have also completed 13 hiking trips into the Grand Canyon in Arizona. When he is not hiking, Charles X Gormally is serving his community right in Mountain Lakes, New Jersey. He served as mayor of the city for two years, eight years as a council member and six years as a planning board member and vice chair. Charles X Gormally is also a recipient of a Special Service Award by the Mountain Lakes Police Department for service to the community.
Whether in Copper Canyon, New Jersey or in his law firm, Brach Eichler, Charles X Gormally emphasized the value of giving back to others whenever he has the opportunity.
Attorney Charles X Gormally on What New Jersey’s Medical Cannabis Expansion Means for the State
This year, New Jersey’s Senate, Assembly and governor signed a bill that expands access to medical cannabis in the state. However, recreational use of cannabis is still illegal at this time, though attorney Charles X Gormally said he believes legalizing recreational marijuana is the next step for New Jersey.
Charles X Gormally, a New Jersey attorney and co-chair of the Brach Eichler cannabis group, has been closely following cannabis legislation in the state. His law practice, Brach Eichler, has a cannabis group with numerous attorneys who assist in cannabis-related legal matters.
At this time, New Jersey has approximately 50,000 patients who have prescriptions for medical marijuana, but state had a limit on cannabis providers, leading to lengthy lines and supply shortages for thousands of people with a prescription for medical cannabis, according to Charles X Gormally. These people have conditions such as anxiety, cancer, multiple sclerosis, AIDS, PTSD and terminal illnesses. With the bill that was recently passed in the state, as many as 28 cannabis providers are permitted in the state.
A Cannabis Regulatory Commission has been created in the state to oversee and regulate the medical cannabis industry. Additionally, the bill that was passed, A20, will end the 6.625% sales tax on medical marijuana by the year 2022. The medical cannabis registry has recently been updated, with an option to sign up using a mobile device and with a portal for use by physicians, patients and caretakers.
The New Jersey Department of Public Health is also proposing to repeal the regulation that establishes a 10% THC limit for medical cannabis products, Charles X Gormally said. These and other new rules and regulations are in motion for the state, and he said he is excited to see it becoming more progressive. “Legalizing and expanding cannabis programs is an excellent source of income for New Jersey and would benefit the state economically in a big way,” Charles X Gormally said.
Charles X Gormally lauded another element of A20, which sets a goal of giving 15% of licenses to minority owners and another 15% to women, veterans and disabled people. This shows the importance of diversity and inclusion in a bill that is already progressive, Charles X Gormally said.
The cannabis practice at Brach Eichler has eight lawyers on the team who have experience in health law, real estate, land use, corporate transactions, labor and employment and more. They are poised and ready to usher in these and future changes to cannabis legalization in New Jersey, said Charles X Gormally. For more information on the cannabis law group and cannabis law, including an educational and informative video series, visit bracheichler.com.
Cannabis Attorney Charles X Gormally Weighs in On Potential Economic Benefits of Cannabis Industry
Legalized Recreational Cannabis Could Have Great Benefits for States, According to Charles X Gormally
Charles X Gormally, a cannabis attorney in New Jersey, said the cannabis industry has the potential to provide far-reaching economic benefits to states. In his own state of New Jersey, marijuana legalization legislation has not been passed, though access to medical cannabis has expanded, greatly helping patients in New Jersey with prescriptions. His years of experience as an attorney mean Charles X Gormally can see the potential benefits of a cannabis industry, not just in his state but in others in the United States.
Using his own state as an example, Charles X Gormally explained that in New Jersey Gov. Phil Murphy’s budget proposal for 2020, an estimated $60 million of revenue would be created if marijuana was legalized. This revenue for the state would bring enormous benefits, according to Charles X Gormally.
An obvious, often discussed economic benefit to the cannabis industry is the millions of dollars it would provide in tax revenue for the state and its municipalities, Charles X Gormally said. According to Investopedia, if cannabis were federally legal, reports suggest it could generate an additional $131.8 billion in aggregate federal tax revenue by 2025. On a smaller scale, the cannabis industry in states has a profound impact as well. After Colorado legalized marijuana, the state collected more than $135 million in taxes and fees on medical and recreational marijuana in 2015.
Additionally, the cannabis industry would create thousands of jobs in a given state, Charles X Gormally said. As with any new business opportunity, construction, agriculture, sales, real estate, and more jobs would become available. More jobs in any state would encourage people to move to the area, thus boosting the economy, and provide opportunities for those who are unemployed or underemployed.
Money would also be saved because states would no longer spend an exorbitant amount of money enforcing the laws that make cannabis illegal, Charles X gormally explained. Federal marijuana enforcement costs the United States billions of dollars every year. When cannabis is no longer a controlled substance, court cases surrounding cannabis would drop and even more money would be saved by states and at a federal level, Charles X Gormally believes.
Charles X Gormally said it is important to him and the other attorneys in the cannabis practice at Brach Eichler to champion this cause. Legalizing cannabis in states and federally makes sense for struggling economies as it benefits citizens and governments.
For additional information about Brach Eichler’s Cannabis Law Practice, contact Charles X Gormally, member co-chair, at (973) 403-3111.
Brach Eichler Cannabis Practice Co-Chair Charles X Gormally on the Importance of Cannabis Practice in New Jersey
Attorney Charles X Gormally Runs Cannabis Practice With Fellow Experienced Attorneys
A legal practice in Roseland, New Jersey has chosen to place a large focus on cannabis law in recent years because of the state’s rapidly changing laws surrounding cannabis. Charles X Gormally is the co-chair of that practice and said it has been well received in the community. “People are seeing the growing need for clear legislation on this issue and for attorneys to guide them through the changes that are ahead,” Charles X Gormally said.
New Jersey recently greatly expanded its medical cannabis legislation, opening the door for many more people to receive medical marijuana, and recreational use is doubtless not far behind, Charles X Gormally said. Laws are changing rapidly, and Charles X Gormally said he prides himself on being ready to tackle potential legal questions that will arise when recreational cannabis is legalized in New Jersey.
In addition to Charles X Gormally, the cannabis practice at Brach Eichler is host to several other attorneys: Matthew M. Collins, Susan R. Rubright, co-chair John Fanburg, Riza I. Dagli, Carol Grelecki, Allen J. Propowitz and Frances B. Stella. Each of these attorneys has years of experience and is talented in areas such as real estate, land use, corporate transactions, labor law and more, according to Charles X Gormally. The cannabis law practice at Brach Eichler has eight members who are “uniquely qualified to navigate complicated and highly regulated marketplaces,” according to the Brach Eichler website, while providing practical guidance to entrepreneurs in the cannabis field.
Charles X Gormally said it has been a privilege to work with such a motivated, dedicated team of attorneys in the blossoming cannabis practice at Brach Eichler. As cannabis law evolves in the state of New Jersey, he anticipates that the cannabis practice itself will change as well.
“Often, people do not think about all the other things that are affected when cannabis is legalized,” Charles X Gormally said. “It touches real estate, labor law and many more, and Brach Eichler’s attorneys are prepared to help New Jersey navigate legal recreational marijuana.”
Brach Eichler is not the only law firm in the United States who has started a cannabis practice. In fact, they are popping up in other law firms across the country as the demand increases and legalization of cannabis continues in the country.
Brach Eichler has 79 attorneys in total and was founded in 1967. To learn more about the cannabis law group and for more resources and information on cannabis law, visit bracheichler.com.
Tips from Attorney Charles X Gormally On Opening a Successful Cannabis Business in New Jersey
Cannabis Practice Co-Chair Charles X Gormally Shares Advice for Cannabis Business in His State.
This summer, New Jersey has rapidly expanded its medical marijuana program, and attorney Charles X Gormally said the legalization of recreational marijuana is not far behind.
Charles X Gormally is a New Jersey attorney and co-chair of the Brach Eichler cannabis group. Nearly 50,000 patients in New Jersey have prescriptions for medical marijuana, and New Jersey Governor Phil Murphy just signed a bill to expand access to medical cannabis. Charles X Gormally said he is hopeful that legalizing recreational marijuana will be the next step for his state.
Cannabis is still classified as a Schedule 1 controlled substance for the time being, however, Charles X Gormally explained. This makes it expensive and difficult to find bank financing for a cannabis business- so Charles X Gormally shared some of his advice on this subject.
“When counseling clients interested in the cannabis space, we emphasize the importance of forming relationships with reliable support team members,” said Charles X Gormally.
According to Charles X Gormally, a flourishing cannabis business participant must ensure they make strong, professional relationships. Having this network is key to having a successful cannabis business. Relationships should be formed across a wide range of specialties, including accounting, taxation, real estate, land use, banking, environmental law, medical research and security.
These relationships will prove invaluable to begin a cannabis business in New Jersey and sustaining it, according to Charles X Gormally.
The Cannabis Practice Group at Brach Eichler works as a team to equip the client with a broad range of required legal services while assisting the clients in formalizing their professional relationships with partners, vendors and suppliers.
“The overarching goal of the Group is to position clients for success by assuring that the client will be compliant with all of the requirements of state law, while keeping the client cognizant that conducting business in this area currently remains a violation of federal law,” Charles X Gormally said.
For additional information about Brach Eichler’s Cannabis Law Practice, contact Charles X Gormally, member co-chair, at (973) 403-3111.
Since its founding in 1967, Brach Eichler’s Cannabis Law Practice has been a trusted, practice that establishes personal relationships with its clients, rendering advice that is business-savvy and creative, yet practical. Charles X Gormally is the Chair of the Litigation Practice Group and a member of the firm’s Employment Services Practice Group. The New Jersey Supreme Court has acknowledged his commitment as a trial attorney by designating him as a Certified Civil Trial Attorney.
New Jersey Expands Medical Cannabis Program – Attorney Charles X Gormally Shares the Specifics
Charles X Gormally On New Jersey’s Medical Cannabis Expansion, What It Means For the State.
New Jersey is rapidly expanding its medical marijuana program, as the Senate and Assembly and Governor Phil Murphy signed a bill last month to expand access to medical cannabis in the state.
Charles X Gormally, a New Jersey attorney and co-chair of the Brach Eichler cannabis group, said this move toward cannabis expansion will be the start to growth in the cannabis industry. Charles X Gormally said he is hopeful that legalizing recreational marijuana will be the next step for his state.
New Jersey has nearly 50,000 patients who have prescriptions for medical marijuana, but the state has only six cannabis providers. This means long lines and supply shortages for thousands of New Jersey residents, according to Charles X Gormally. With the passing of this bill, up to 28 cannabis providers are permitted in the state, which will make a massive difference for patients.
With the passing of this bill (A20), a Cannabis Regulatory Commission will be created in the state. This commission will oversee and regulate the industry. Additionally, the bill will end the 6.625% sales tax on medical marijuana by the year 2022.
This bill will make it easier for patients to obtain access to medical marijuana as well, as rules have been relaxed on how much patients can buy and how many doctor’s visits they are required to have before they are approved. Nursing homes and other health institutions are now permitted to buy cannabis for patients, out-of-state patients can purchase medical cannabis in New Jersey when visiting the state and home delivery is now also permitted.
Another important element of bill A20 is that it set a goal of giving 15% of licenses to minority owners and another 15% to women, veterans and disabled people. Charles X Gormally said this is an important step in this already progressive bill.
The cannabis practice at Brach Eichler has eight lawyers on the team who have experience in health law, real estate, land use, corporate transactions, labor and employment and more. They are poised and ready to usher in these and future changes to cannabis legalization in New Jersey, said Charles X Gormally.
“Our attorneys are uniquely qualified to navigate complicated and highly regulated marketplaces, while providing practical and informed guidance to entrepreneurs participating in this business,” Charles X Gormally said.
For more information on the cannabis law group and cannabis law, including an educational and informative video series, visit bracheichler.com.
Meet the Attorneys at the Brach Eichler Cannabis Practice, Co-Chaired By Attorney Charles X Gormally
Charles X Gormally On the Importance of a Strong Cannabis Practice With Experienced Attorneys
Roseland, New Jersey’s Brach Eichler legal practice has placed an emphasis on cannabis law in the last several years, said Charles X Gormally, the co-chair of the practice. The cannabis practice has grown significantly, with attorneys joining the team as the demand grows in New Jersey and around the country.
Charles X Gormally, chair of the litigation practice and co-chair of the cannabis practice, said this practice mirrors the importance of legal counsel related to cannabis at Brach Eichler.
“Almost every week there’s new medical marijuana legislation proposed with the newest permutation touching both criminal and employment law issues for those looking for expungement for crimes that would no longer be considered illegal,” Charles X Gormally said. Laws are changing rapidly, and Brach Eichler prides itself on being ready to tackle potential legal questions that will arise when recreational cannabis is legalized in New Jersey.
The newest attorneys to join the cannabis practice are Matthew M. Collins and Susan R. Rubright, both seasoned attorneys with years of relevant experience. Matthew M. Collins is the chair of the labor and employment practice, while Susan R. Rubright practices environmental law and land use and real estate law. These areas of law are particularly helpful when it comes to legal matters relating to cannabis, Charles X Gormally said.
In addition to these newcomers, the cannabis practice has John Fanburg, co-chair, Riza I. Dagli, Carol Grelecki, Allen J. Popowitz, and Frances B. Stella. These lawyers have experience in real estate, land use, corporate transactions, labor law, health law and more. All of these issues are helpful in relating to cannabis law issues, according to Charles X Gormally. The cannabis law practice at Brach Eichler has eight members who are “uniquely qualified to navigate complicated and highly regulated marketplaces,” according to the Brach Eichler website while providing practical guidance to entrepreneurs in the cannabis field.
“Often, people do not think about all the other things that are affected when cannabis is legalized,” Charles X Gormally said. “It touches real estate, labor law and many more, and Brach Eichler’s attorneys are prepared to help New Jersey navigate legal recreational marijuana.”
Charles X Gormally said the law group provides many services to clients, including representing them in their participation in the cannabis industry, offering insight and advice for regulatory complexities that come up and identifying new opportunities within the cannabis marketplace.
Brach Eichler has 79 attorneys in total and was founded in 1967. To learn more about the cannabis law group and for more resources on cannabis law, visit bracheichler.com.
Attorney Charles X Gormally Shares How States Can Profit Economically From Recreational Cannabis Legalization
Your State Could Grow Greatly With Cannabis Business, Says Cannabis Lawyer Charles X Gormally
If states legalize recreational marijuana, the economic impacts are far-reaching, says cannabis lawyer Charles X Gormally, who practices at Brach Eichler in Roseland, New Jersey. In New Jersey, Charles X Gormally said he anticipates marijuana legalization in the near future and believes it could be hugely beneficial for the state.
“The cannabis business has opportunities in real estate and land use regulation, taxation, labor and employment and more,” Charles X Gormally said.
Critics question whether marijuana legalization would have an overall negative or positive impact, but Charles X Gormally is convinced it would be an economic boon to states. In his own state, Gov. Phil Murphy’s budget proposal estimated that $60 million in revenue would be created if marijuana was legalized (however, marijuana was not legalized at that time).
Tax revenue for states, municipalities and federally would grow exponentially with this opportunity. One state that did legalize recreational marijuana, Colorado, collected over $135 million in taxes and fees in 2015 after cannabis was legalized. State tax dollars go to many things universally agreed upon as worthy causes, including health programs and social security.
In addition to the tax benefits a legal cannabis industry would create, it would also create numerous jobs, Charles X Gormally emphasized. Jobs in sales, real estate, construction, agriculture and more would grow exponentially, aiding the state’s economy and citizens who are unemployed. As Colorado showed after it legalized cannabis, this legalization would also cause more people to move to a state, bringing new business and stimulating the economy.
Legalization of cannabis would boost real estate markets as well, Charles X Gormally said. Since people will ideally move to the state and stimulate business, real estate will be more desirable and cause an improvement in the housing market. Local real estate would prosper in this scenario, which would be advantageous for most communities, Charles X Gormally pointed out.
The cannabis law practice at Brach Eichler now has eight members, who are “uniquely qualified to navigate complicated and highly regulated marketplaces,” according to its website, while also providing practical guidance to entrepreneurs in the cannabis field. Brach Eichler was founded in 1967 and was ranked Best Law Firms of 2019 by U.S. News and in Chambers USA 2019.
More information about Charles X Gormally and the cannabis practice at Brach Eichler, including a new cannabis video series, can be found at bracheichler.com/practices/cannabis-law. Charles X Gormally member co-chair of the cannabis law practice at Brach Eichler, can be reached at (973) 403-3111.
Charles X Gormally Leads Law Firm Cannabis Group Growth at Brach Eichler
Cannabis Law Practice, Led by Attorney Charles X Gormally, Thrives in New Jersey
Attorney Charles X Gormally is leading the cannabis group at Brach Eichler in New Jersey, bringing a wealth of knowledge in the field. Along with John Fanburg, Charles X Gormally is the co-chair of the law firm’s cannabis law group. Other members include Riza I. Dagli, Carol Grelecki, Allen J. Popowitz, Susan R. Rubright, Frances B. Stella, and Matthew M. Collins. This team has experience in health law, real estate, land use, corporate transactions, labor and employment and more.
As a growing number of states legalize and regulate the cannabis marketplace, Charles X Gormally said the law firm felt it was crucial to specialize in this field. The cannabis business development presents challenges and opportunities for state and local governments, banking, taxation, real estate, land use regulation, health care, medical testing, food production, farming, packaging, and tourism.
“Many people do not immediately recognize how many areas are impacted by the legalization of cannabis,” Charles X Gormally said. “It has ramifications for many people and our law firm is poised to help with the transition.”
New Jersey is getting closer to a regulated, adult-use cannabis market and the cannabis group at Brach Eichler is prepared for it. “Our attorneys are uniquely qualified to navigate complicated and highly regulated marketplaces while providing practical and informed guidance to entrepreneurs participating in this business,” Charles X Gormally said.
Charles X Gormally said the law group offers a wide variety of services to clients, including representing their desired outcomes for their participation in the cannabis industry, providing insight and advice for legal and regulatory complexities that arise, giving clients an advantage through access to a coordinated team of subject matter experts, and identifying new windows of opportunity within the cannabis marketplace.
Charles X Gormally’s 40-year legal career has been centered on confronting and overcoming challenges to clients caused by government regulation, overreaching employers, business partners and a myriad of negligent parties. He said he is proud to have been instrumental in forming the law firm’s cannabis practice group to counsel clients in positioning themselves to take advantage of the opportunity and participate in the new multi-billion dollar industry.
The law firm offers a series of videos on cannabis practice, including “Employment Law Concerns as New Jersey Legislates Cannabis Use” and “A Primer on NJ’s Business Landscape for Out-of-State Marijuana Businesses.” These free resources can be found at bracheichler.com/practices/cannabis-law.
To learn more about the cannabis law group at Brach Eichler and for more resources on cannabis law, visit bracheichler.com.