With Gov. Andrew Cuomo aiming to win approval for legalized recreational marijuana in seven weeks, opponents of the proposal urged lawmakers Monday to deal with the issue outside of the state budget. Cuomo has repeatedly said he believes the cannabis proposal will falter if it is handled independently of... Read more
The Cuomo administration has amended its marijuana legalization proposals to include new efforts pertaining to regulating the drug market, the taxation of suppliers and how to prod illicit marijuana suppliers to join a legalized system. “We’ve looked at lessons learned,” said Norman Birenbaum, the state’s director of cannabis programs,... Read more
Governor Cuomo Introduces New Legislation to Regulate Adult-Use Cannabis in New York State To help close New York’s $6 billion budget gap, Governor Andrew Cuomo introduced legislation that would legalize adult-use cannabis within the state as part of his proposed budget for fiscal year 2021, anticipating that tax revenue... Read more
New York’s medical cannabis program has developed substantially over the past several years and is now dominated by publicly traded companies. While it appeared that 2019 would be the year that the Big Apple would become the 12th state to legalize the recreational use of cannabis, the Marijuana Regulation... Read more
Shortly before efforts to legalize marijuana failed in the State Senate last June, the measure’s sponsor made a dire prediction: The issue would be dead in 2020. State Sen. Liz Krueger, a Manhattan Democrat, believed then that lawmakers would fear taking on such a controversial issue in an election... Read more
By Gabriel Cross, CEO of Odyssey DistributionMember of NCIA’s State Regulations Committee Oversupply and shortages, high prices and lack of choice for patients and consumers, illicit markets, tainted products, and the inability to access banking and capital all plague the burgeoning cannabis industry. While cannabis advocates and industry leaders... Read more
ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo used his annual State of the State address Wednesday to advocate for a mix of “practical” progressive goals and urgent responsibilities, including waging war on hate crimes, spending $3 billion on environmental protection and legalizing recreational marijuana. The third-term Democrat... Read more
As part of the new regulatory environment for CBD in New York, a registration requirement now exists for sellers of hemp extract products. Noteworthy, however, is the fact that the new law defers the decision on whether to legalize the addition of hemp extracts, including CBD, to foods or... Read more
Democratic Gov. Andrew Cuomo of New York announced on Monday that he would propose legislation that would ban drugs that mimic fentanyl, saying he would make the issue the second proposal of his 2020 State of the State agenda. The move is a response to the ongoing crisis of... Read more
The legal cannabis industry is still taking shape and evolving. In many ways, the industry is figuring itself out as it goes. And that leaves the door open for people to enter the space and do all sorts of creative or unexpected things. One of the most recent examples... Read more