New York

Tue
07
Sep

New York cannabis rollout moves ahead, but roadblocks remain

cannabis plant

The rollout of New York’s new cannabis policies has new life after the state legislature confirmed appointments to oversee the regulatory process last week, but the state is still months away from issuing licenses to retailers, growers and processors.

The Marijuana Regulation and Taxation Act, or MRTA, passed in April. However, much of the rollout has been delayed because Governor Andrew Cuomo did not nominate officials to the newly created Office of Cannabis Management and Cannabis Control Board.

“These are people that wrote the bill. They should’ve had these people in mind when they wrote those statutes,” said Troy Smit, Deputy Director of Empire State NORML.

Fri
03
Sep

New York City's Medgar Evers College Becomes First Cuny School To Offer Cannabis Degree Program

In New York City, where many black and brown people have been on the negative side from the aspects of the enforcing of marijuana laws, there is an educational institution that will now offer an “Introduction to the World of Cannabis” Course.

Brooklyn’s historic Medgar Evers College (MEC) had recently announced last week that students can now enroll in a prerequisite course for many of the other cannabis courses in this degree program. The course is called “Introduction to the World of Cannabis.”

Thu
02
Sep

City of Rensselaer supports marijuana grow facility, governor moving state process forward

One of Governor Hochul’s priorities for the executive session is to discuss nominees for the state's cannabis program.

The governor said this is a long overdue decision, and she would appoint nominees for the executive director and chair person, and they needed to be confirmed by the legislature.

“We lost five and a half months because there was not a decision to name an executive director or chair person, to get this going and get regulations in place.” Governor Hochul said.

Meanwhile, the City of Rensselaer leaders already have their eyes on a potential site for a growth facility. But they need more answers from the state first.

Thu
02
Sep

Some communities are leaving marijuana sales up to the public to decide

After a public hearing in July, the Watertown City Council voted to prohibit retail marijuana sales. However, councilman Leonard Spaziani said it’s not necessarily because they don’t want pot in their city, it’s because they want the people to decide.

“I'm going to vote no just so they can get their petition and put it on the ballot,” he said. “That's the American way.”

The same thing happened in the town of Geddes and in Camillus–where Town Supervisor Mary Anne Coogan said the town board opted out so the people can choose if they want to opt in.

“They're the ones that live here,” said Coogan. “They're the ones that have a voice.”

Fri
27
Aug

New York Governor Vows to Launch Cannabis Industry That Cuomo Stalled

Statue of Liberty

New York Governor Kathy Hochul—who replaced the disgraced former governor Andrew Cuomo—promised to pick up where Cuomo failed, and get the state’s adult-use cannabis market off the ground. New York residents grew wearisome, waiting for the industry to materialize as the former governor was consumed with scandals.

For background, former governor Andrew Cuomo and the state Legislature approved the law last March that legalized adult-use cannabis in New York. But Cuomo became embroiled in a dispute with the state Senate, so he didn’t nominate an executive director for the new Office of Cannabis Management—nor did he name appointees to the Cannabis Control Board, even though the Marijuana Taxation and Regulation Act was passed several months ago.

Mon
23
Aug

Marijuana allowed at New York State Fair this year

ride at a fair

 

 

Marijuana is allowed at the New York State Fair this year, and officials say it hasn’t caused issues so far.

April Stec and her family got in line for their traditional visit to the Fair on Sunday.

 

What You Need To Know

  • Due to New York’s new cannabis law, marijuana is allowed at the New York State Fairgrounds
  • There are certain areas where it is not allowed
  • So far, the fair’s director says smokers have been respectful

 

“I love the Dairy Barn,” Stec said. “I just go to the Dairy Barn. I love the milk and the butter sculpture.”

Tue
17
Aug

Marijuana advocates look to incoming Hochul to speed up state’s legal weed rollout

marijuana leaf

Backers of New York’s successful push to legalize recreational marijuana are pinning their hope on incoming Gov. Kathy Hochul to give the stalled rollout process a shot in the arm.

Under Gov. Andrew Cuomo, implementation of New York’s adult-use program has been stuck in neutral, according to Michael Hiller, an attorney specializing in cannabis law. But Hochul’s stance on the legalization of recreational marijuana suggests she will make it a priority when she takes office. “Lt. Gov. Hochul’s approach to legalization, which appears to be motivated by her desire to raise tax revenue, appears to be more genuine and focused,” Hiller said.

Mon
16
Aug

U.S. cannabis firm PharmaCann plans IPO as New York weed legalization lifts demand

marijuana leaf

PharmaCann, one of the 10 original cannabis licensees in New York, has confidentially filed for an initial public offering that could value it at well over $1 billion, sources familiar with the matter told Reuters.

The planned IPO would help PharmaCann raise funds before New York state begins recreational weed sales, expected sometime next year. The IPO could take place this fall, one of the sources said.

PharmaCann, which operates in five other U.S. states, is likely to seek to dual-list its shares on the Canadian Securities Exchange and for over-the-counter trading in the United States, one of the sources said.

Wed
11
Aug

NY Governor Transition Likely To Lead To Smooth Cannabis Roll-Out

We believe Kathy Hochul may view cannabis as a popular initial (or near term) issue to champion at the start of her term thus gaining an initial win under her belt.

By Viridian Capital Advisors

Wed
28
Jul

Cannabis industry group pushes 'green seal' and tax credits

ALBANY — A certification process highlighting energy-efficient cannabis cultivators and a tax credit to complement it are key sustainability proposals of an industry white paper released Tuesday by New York’s Castetter Cannabis Group. The paper also called for state regulators to develop a strategy for data collection and analysis of license holders’ operations.

Its recommendations reinforce lawmakers’ urgency to minimize harm to the the state’s fledgling industry, but suggest a divergent strategy centered on incentives rather than efficiency limits.

“We’re advocating for a performance-based approach,” said Kate Hruby, the group’s lead policy analyst and co-author of the paper.

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