Medical marijuana patients in New York state will soon be able to do something for the first time in the five-year history of the program: purchase smokable marijuana. The state’s newly formed regulatory board approved the sale of marijuana flower on Tuesday, broadening the offerings of a medicinal pot... Read more
New York finally launches legal marijuana control board. What to expect (and when)
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... Read more
NY State cannabis board – in its first meeting – relaxes medical marijuana rules
Illinois’ Most Innovative Approach to Social Impact Entrepreneurship Customizes Cannabis Business Acceleration to Bridge Wealth Gap and Celebrates Formal Launch PRESS RELEASE CHICAGO, IL (SEPTEMBER 30, 2021) – Under formation over the last two years, GROmentum Lab, a Chicago community-based social impact business accelerator in cannabis, is pleased to... Read more
All Eyes on New York as Legalization Looms
New York’s recreational marijuana market is poised to begin with a big splash — and it’s one that may well ripple around the world, according to speakers at a packed “Business of Cannabis: New York” conference last week. The state’s industry, which is expected to begin licensed sales around... Read more
New York misses deadline to allow medical cannabis home-grows
The Marijuana Regulation and Taxation Act allows limited home cultivation of medical cannabis. But it also specifies that patients will not enjoy that right until after the Office of Cannabis Management issues regulations governing it, which it was obligated to do “no later than six months after the effective... Read more
New York Governor Kathy Hochul last week announced appointments to a board that will help implement and enforce the state’s regulated cannabis industry. On Wednesday, Hochul said that Reuben R. McDaniel, III and Jessica Garcia had been appointed to the Office of Cannabis Management, which will “create and implement... Read more
Innovative Industrial Properties Expands Long-Term Real Estate Partnership With Goodness Growth Holdings in New York SAN DIEGO, September 27, 2021–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today... Read more
Selling Marijuana on Tribal Lands, a Legal Gray Area in New York
With New York state officials slow to establish regulations, members of the St. Regis Mohawks have raced ahead, opening a number of dispensaries for recreational marijuana. It doesn’t take long after entering the St. Regis Mohawk reservation to see a glimpse of the future of marijuana sales in the... Read more
Politicians and associates in New York on both sides of the aisle are implicated in alleged involvement of misappropriated money to benefit the launch of a pot business. Two Rudy Giuliani associates—Lev Parnas and Igor Fruman—told a Russian millionaire in 2018 they offered a $125,000 straw donation to then-Governor... Read more
Industrial hemp promises sustainable solutions for New York, but will anyone buy in?
In case you missed the parades featuring giant doobie floats, the joint giveaways for the vaccinated or the general celebratory aroma of city streets, recreational marijuana is now legal in New York. While attention is trained on the new legal drug business the state is building, another even larger... Read more
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