Gov. Kathy Hochul Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

New York state shuts down first unlicensed marijuana dispensaries

An unlicensed marijuana dispensary chain with several locations operating across upstate New York became the first to have its stores shut and padlocked by the state under its new cannabis law, state leaders announced Monday. Seven dispensaries in Cayuga, Oswego…

New York Regulators Begin Raids Of Unlicensed Marijuana Shops

New York Gov. Kathy Hochul last week announced new steps to confront the state’s underground marijuana industry and reign in unlicensed cannabis sales. The new measures, which include raids on unlicensed pot shops and seizures of illicit cannabis products, mark…

Roadblocks and Red Tape: New York’s Cannabis Effort at a Crossroads

When New York State began laying the groundwork for its recreational cannabis industry last year, officials cast atoning for the harm done by the war on drugs as a cornerstone of the ambitious plan — and promised to give people…

‘Discontent and despair’: NY cannabis entrepreneurs fed up with state’s problematic industry rollout

Tensions are rising among New York’s recently licensed cannabis entrepreneurs. A group of Conditional Adult-Use Retail Dispensary (CAURD) licensees have documented in a letter an “alarming and unacceptable” lack of communication and transparency among state cannabis regulators. The group of…

New York’s political leaders silent about state’s failure to raise cannabis funds

February 21, 2023
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New York
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New York’s political leaders will not speak about the state’s failure to raise $150 million for the equity-focused portion of its legal marijuana market rollout, even though those same leaders were front and center in calling for a socially just cannabis industry.…

Republican lawmakers want to stop ‘sticker stores’ selling unlicensed cannabis in New York

January 13, 2023
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New York
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Republican lawmakers are calling for an end to so-called "sticker stores" in New York that illegally sell cannabis products throughout the state. The measure backed by Sen. Tom O'Mara as well as Assemblyman Chris Friend and Assemblyman Phil Palmesano is the…

Gov. Kathy Hochul confirms marijuana dispensaries set to open this year in New York

In an exclusive interview with the Advance Media New York editorial board on Wednesday, Gov. Kathy Hochul said the state’s plan to have 20 conditional adult-use retail dispensaries open by the end of this year is “still on track” – and…

Gov. Hochul names New York State cannabis advisory board members

Gov. Kathy Hochul today announced the inaugural members of the New York Cannabis Advisory Board, a 13-member panel that will advise state marijuana regulators and oversee a fund to help communities impacted by the drug war. NY Cannabis Insider has previously covered delays…

NY seeks to bolster marijuana supply ahead of retail sales with eye toward equity

February 24, 2022
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New York
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New York is opening the pathway for existing hemp farmers to grow cannabis this spring, in a move toward bolstering marijuana supply and equity. On Tuesday, Gov. Kathy Hochul signed legislation to create new conditional cannabis processor and cultivation licenses, which will allow…

Gov. Hochul signs bill to fast-track marijuana growing in New York

February 22, 2022
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New York
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Gov. Kathy Hochul signed a conditional cannabis cultivation bill Tuesday that will allow some New York hemp farmers to grow cannabis beginning this spring. According to the governor’s office, the conditional licenses will fast-track the state’s adult-use cannabis program while…

Hochul expects big revenue stream from legal marijuana in New York

January 24, 2022
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New York
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New York's legalization of marijuana is expected to yield a bumper crop of revenue for the state, with the latest projections saying the stream of money coming into state coffers from weed sales will top $360 million annually by 2028.…

Industrial hemp promises sustainable solutions for New York, but will anyone buy in?

In case you missed the parades featuring giant doobie floats, the joint giveaways for the vaccinated or the general celebratory aroma of city streets, recreational marijuana is now legal in New York. While attention is trained on the new legal…