Marijuana Regulation and Taxation Act Archives - Cannabis Business Executive

New York’s Office of Cannabis Management misses key deadline to develop social equity plan

New York’s Office of Cannabis Management has missed a deadline mandated by the state’s cannabis law to produce a social and economic equity plan, which is meant to guide the rollout of the state’s emerging marijuana industry. The Marijuana Regulation and Taxation Act required OCM’s chief equity…

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

February 24, 2022
AggregatedNews
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…

To stay or to go: New York gets clearest view of local marijuana opt-outs after deadline

January 26, 2022
AggregatedNews
New York
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The haze over where marijuana can be legally bought and sold in New York became clearer on Tuesday as most localities decided they're all in on retail sales and consumption lounge licenses, state data showed. Just 10% of cities across the state and about…

400 New York localities opt out of cannabis sales. Here’s where

December 14, 2021
AggregatedNews
New York
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Amid the expected revelry of bringing in the new year, New Yorkers will also have a clearer picture of where they might be able to buy and consume legal marijuana. Dec. 31 marks the deadline of when cities, villages, and…

Expungements, licenses, and local opt-outs: Here’s what’s next for NY’s marijuana rollout

October 13, 2021
AggregatedNews
New York
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Recreational marijuana legalization in New York is moving into a new phase. After stifling staff delays brought on by political infighting, newly minted members of the state Cannabis Control Board are now interpreting and shaping the Marijuana Regulation and Taxation Act, the…

Legal Marijuana May Not Be NYC’s Retail Real Estate Savior

When Gov. Andrew Cuomo signed a bill in late March to legalize recreational marijuana in New York state, many in the cannabis and real estate industries thought dispensaries and on-site consumption lounges might save New York City retail. But the…

Business owners wait on cannabis board appointments in New York

Officials continue to review potential appointees to the state’s Office of Cannabis Management and Cannabis Control Board — the entities to license and regulate the state’s new market for adult-use recreational marijuana — as New Yorkers wait on more specifics…

Cuomo Issues Amendments to His Legalization Proposal—Next Steps for Legalized Cannabis in New York

By Lori B. Green and Catherine A. Savio, Nixon Peabody LLP As the Empire State moves toward legalization, Governor Cuomo has released amendments to his plan to legalize adult-use cannabis in the State of New York. The amendments permit home…

New York’s Two Marijuana Legalization Paths: Will Lawmakers Get It Right?

January 27, 2021
AggregatedNews
New York
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After two years of false starts, could 2021 be the year that New York finally legalizes marijuana? All the stars seem to be aligned: Governor Cuomo and leaders in the legislature have endorsed legalization, voters elected a historically progressive state legislature, and neighboring New…

Marijuana legalization looms in New York as deficit balloons

December 21, 2020
AggregatedNews
New York
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The debate over legalizing marijuana for adult, recreational use in New York has been brewing for the last two years after Democrats took control of the state Legislature, but disagreements on the issue coupled with a global pandemic have kept…

Could New York Be the Next State to Legalize Marijuana?

The New York Police Department regularly faces criticism over the disproportionate number of Black and brown people who are arrested for marijuana possession. The department’s constant refrain has been that officers go where they are called. They respond to complaints…