new york marijuana Archives - Page 2 of 11 - Cannabis Business Executive

3 more marijuana dispensaries to open in NYC

December 15, 2023
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Three marijuana dispensaries are poised to open in New York City over the next few days, after a state judge lifted a court order that temporarily barred new retailers from selling cannabis products. Cannabis Emporium will open on Thursday as…

Stuck in the haze: Some aspiring New York cannabis sellers wait to open shop even as state greenlights more dispensaries

December 13, 2023
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New York cannabis regulators took their first first step toward opening up new recreational dispensaries on Friday after lawsuits tied up the market since August. Sellers say it’s a step in the right direction but the market still has a…

Adams Announces New Crackdown on Illegal Pot Shops’ Landlords in New York

November 29, 2023
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Mayor Eric Adams took another swing at taking down the city’s thousands of illegal marijuana shops Monday by threatening landlords and building owners who rent to them, in what City Hall said was ”a new front in the Adams administration’s…

N.Y. Cannabis Board Settles Suits, Paving Way for Dispensaries to Open

November 27, 2023
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The New York State cannabis board voted Monday to approve a settlement that would resolve two lawsuits and end a three-month-long freeze on recreational dispensary openings across the state. The agreement would salvage the state’s interim licensing program, which gives…

New York’s Cannabis Dilemma

November 20, 2023
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New York
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NEW YORK CITY has been the epicenter of East Coast cannabis, well before New York State legalized adult-use cannabis on March 31, 2021. The legacy cannabis community, composed of largely Black and Latino individuals, perfected their cultivation and sales strategies over many decades of…

New York’s Marijuana Regulators Reach Settlement Over Licensing Lawsuit

November 15, 2023
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New York's marijuana regulators have reached an agreement with a collective of disabled veterans who filed a lawsuit over the state's licensing process. While the settlement is still pending finalization, its completion is expected to lead to the lifting of…

New York’s Pot Plans Leave Applicants and Community Boards Dazed and Confused

October 16, 2023
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New York
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One week after New York state opened the permit process for legal cannabis shops to the general public, community boards across the city have been bombarded by submissions that they are struggling to review. Under the state’s 2021 law, a…

After awkward start, New York shaking up legal marijuana market

October 13, 2023
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New York officials launched legal recreational marijuana sales by promising many of the first retail licenses to people with past drug convictions, hoping to give people harmed by the war on drugs a chance to succeed before competitors crowded in.…

New York is cracking down on illegal weed stores as legal market struggles to take hold

September 20, 2023
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New York
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New York officials are ramping up efforts to stop the statewide proliferation of unlicensed smoke shops selling marijuana, as the state struggles to boot up its legal marketplace. Since cannabis became legal in the state in 2021, thousands of unlicensed vendors selling…

Banking New York’s social equity cannabis fund: regulators seem to take lenient approach to financing rules

September 18, 2023
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New York
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New York’s Cannabis Control Board recently passed a long-awaited slate of regulations that, in part, put strict limits on which people or entities can hold a financial interest in certain weed businesses. These “True Parties of Interest” rules (TPIs) were designed to prevent monopolies in New…

What’s Holding Up the Rollout of Legal Marijuana in New York?

Since New York State legalized marijuana two and a half years ago, its effort to set up the industry has been a slow and bumpy ride. By now, there were supposed to be more than 150 licensed dispensaries in the…

New Yorkers consume the most cannabis in the world, this study says

New Yorkers are living the high life—literally. It's no surprise that cannabis in NYC has been steadily on the rise following 2021's marijuana legalization in the state, which allows New Yorkers 21 years and older to possess, consume, buy and transport up to three ounces…

NY’s legal weed sales aren’t raking in cash as predicted. How much has sold so far?

As New York cracked down on unlicensed cannabis shops, sales of legal marijuana grew to reach a total of $33 million during the industry’s first six months, state records show. But the legal cannabis marketplace, which launched in January, remains far…

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…

N.Y. regulators set to allow pot sales at fairs, festivals, concerts

The state Cannabis Control Board is poised to pass a measure Wednesday that would temporarily allow marijuana industry stakeholders to sell stockpiled crops at venues such as fairs, festivals, concerts and other events. The emergency measure is intended, in part,…