New York finally launches legal marijuana control board. What to expect (and when)
Marijuana Industry NewsNew YorkRecreational Marijuana October 6, 2021 MJ Shareholders 0
Six months after New York legalized marijuana for recreational use, the state is finally getting down to the business of setting the rules for growing, processing and selling it — and ensuring the “social equity” provisions written into the law.
The first meeting of the state’s new Cannabis Control Board, which will also regulate non-THC cannabis like hemp and CBD, will take place this afternoon (Oct. 5) in a virtual format. It starts at 1:30 p.m. Follow it live here.
Those eager to get into the new industry or otherwise benefit by it are happy to see the progress. But they fear it may still take well into 2022 for such things as business licnenses to be issued.
“It’s certainly good to see some movement after all these months,” said Kaelan Catstetter, policy director for the Castetter Cannabis Group, a Binghamton-area business consulting firm. “It took longer than it should, probably.” [Read more at newyorkupstate.com]
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