New York

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.

Tue
27
Jul

I-Team: NYC Area Pediatricians See Sharp Rise in Kids Ingesting Marijuana Edibles

One local hospital says they're now treating at least a couple of young children every month for toxic exposure to edibles — and they're warning parents to lock up their pot treats

A skyrocketing number of children in the tri-state are inadvertently ingesting marijuana edibles, and legislators say there's a void in New York's emerging pot regulations that isn't helping the situation.

The scary trend began before New York State legalized recreational marijuana back in March, going from six children in the NYC metropolitan area poisoned by edibles in 2018, to 32 in 2019 and 127 in 2020, according to regional poison control officials.

Tue
27
Jul

A Huge Way Airports Have Changed Now That Weed Is Legal In NY

New York is one of the latest states to legalize marijuana, pending issuance of adult-use cannabis licenses. This comes with a lot of exciting plans for the future, and some benefits that can be enjoyed right now. The way in which marijuana is handled in airports is one of them, with TSA agents no longer seizing under three ounces of marijuana.

Fri
23
Jul

Advocacy Coalition Urges Cuomo And NY State To Uphold Cannabis Law Promises

https://www.benzinga.com/markets/cannabis/21/07/22112492/advocacy-coalit...

New York Cannabis United is calling on both the Cuomo Administration and New York State Legislators to uphold the promises made in the new law by swiftly appointing leadership to the Cannabis Control Board.

By Imani A. Dawson

Wed
21
Jul

New York Senator Introduces Cannabis Cultivation Bill

Senator Jeremy Cooney of New York introduced a bill on July 20 that would build upon the state’s recreational cannabis law with a focus on getting cultivation up and running.

Wed
21
Jul

New York Airports Will Now Allow Small Amounts of Marijuana on Airplanes

Several new doors are being opened in New York State due to the legalization of recreational marijuana. You can now take your stash with you when you travel on an airplane.

Fri
16
Jul

The St. Regis Mohawk Tribe Opening New York's First Legal Adult-use Cannabis Shop

The St. Regis Mohawk Tribe is poised to open the first adult-use cannabis shop in New York State, beating out the non-tribal retailers by up to a year…or more.

The tribe, located in northern New York along the U.S.-Canada border, adopted its own ordinance regarding legal marijuana last month, following New York state’s April 1 legalization.

How and why

Their ordinance went further than the state’s law, created under the Marijuana Regulation and Taxation Act (MRTA), by setting up rules for growing and processing cannabis, licensing retail shops and declaring that everything, from seed to sale, must take place on tribal territory.

Tue
13
Jul

New York Cannabis: Why It’s A Big Deal That The Town Of Riverhead Voted Not To Opt Out

The big uncertainty was whether New York’s local jurisdictions would embrace the cannabis industry. Riverhead voting against opting out is a very positive development.

As we continue to wait for Governor Andrew Cuomo to nominate a Chairperson for the Cannabis Control Board (CCB), effectively kickstarting the rule making process, a surprising and welcome piece of news came down. On July 7, 2021, the Town of Riverhead voted not to opt out of allowing retail dispensaries and on-site consumption locations in Riverhead.

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