-
New York Legal Cannabis Sales Poised To Reach $1B, Following Crackdown On Illicit Retailers
Friday, September 27, 2024 - 3:27pm | 357New York’s legal cannabis market is rapidly gaining momentum, with state officials predicting it could reach $1 billion in sales in its second full year of adult-use cannabis sales. According to Debra Brochard, for Green Market Report, John Kagia, director of policy for the New York Office of...
-
New York Cannabis Growers Given One Year To Submit Mandatory Sustainability Plans
Wednesday, August 21, 2024 - 5:30pm | 667The New York State Office of Cannabis Management (OCM) has introduced a new initiative to ensure that cannabis cultivation in the state aligns with its environmental sustainability goals. Beginning in September, the OCM will launch PowerScore, a free online tool designed to help cannabis...
-
New York Officials Grilled At State Senate's First Hearing On Cannabis Market Struggles
Tuesday, October 31, 2023 - 1:25am | 603In Buffalo, the first joint public hearing of the New York State Senate's Sub-Committee on Cannabis took place Monday and lasted seven hours. That may still not have been enough time to address the many issues dogging the state's cannabis program, starting with the painfully...
-
Decoding The Cannabist Company's Brand Metamorphosis From Columbia Care, Panel At Benzinga Cannabis Conference
Tuesday, October 10, 2023 - 5:22pm | 1106“Well, there was nothing wrong here,” began Jesse Channon, chief commercial officer at The Cannabist Company Holdings Inc (OTC: CCHWF), addressing its recent rebrand from Columbia Care Inc. At the September Benzinga Cannabis Capital Conference in Chicago, Channon sat with T.L...
-
New York Expands Cannabis Licensing After Legal Delays And Tug Of War Between David And Goliath
Tuesday, September 12, 2023 - 3:36pm | 956New York's cannabis landscape is set for a significant transformation. Licensing Expansion The New York State Office of Cannabis Management (OCM) announced that it is expanding its licensing program for recreational marijuana, after numerous delays that brought the entire process to a...
-
Anti-Legalization Group Challenges New York's $200M Social Equity Fund In Fed Lawsuit
Friday, September 8, 2023 - 12:07pm | 745"It is unlawful to knowingly open, lease, rent, maintain, or use property for the manufacturing, storing, or distribution of controlled substances," states a recent lawsuit brought against the State of New York by the Cannabis Impact Prevention Coalition. What Happened The group, which...
-
NYC Landlords Face $10 Grand In Fines If They Rent To Illicit Weed Shops, Law Goes Into Effect
Monday, August 14, 2023 - 10:41pm | 377Landlords in the Big Apple who rent store space to illegal weed or tobacco sellers now face $10,000 fines under a new law that seeks to crack down on the estimated 2000 unlicensed smoke shops that keep popping up all over the city. Owners of commercial spaces will be fined...
-
'Nothing Was In Vain' Says Happy Munkey CEO After Securing NY Retail License, Wants To Empower Latino Entrepreneurs
Thursday, August 3, 2023 - 9:37am | 1028From the heart of Harlem to pioneering a renowned 'legacy-to-legal' cannabis brand in New York City, Happy Munkey LLC CEO and co-founder Vladimir Bautista's journey is a testament to the power of belief and resilience. "If it weren't for that [marijuana medical benefits], I...
-
New York To Add 212 Retail Cannabis Licenses, Industry Insider's Stinging Response 'Slow Rollout Wasted Millions'
Wednesday, July 19, 2023 - 2:34pm | 515The New York State Cannabis Control Board (NYCCB) met Wednesday and decided, among other issues, to add 212 additional retail dispensary licenses as part of its much-delayed rollout of legal cannabis. This brings the number of licenses to 463. "The decision to further expand the CAURD...
-
Exclusive: Cannabis Extracts Producer Jetty Enters New York Market, Partners With Family-Owned Farms
Tuesday, March 28, 2023 - 6:30am | 632Jetty Extracts, a cannabis extracts producer and pioneer of clean vape technology, has reached the New York market. The popular California-based brand is expanding to its first market outside of California, returning to its New York roots and diving into authentic partnerships with local...
-
New York's Unlicensed Cannabis Shops In The Spotlight
Friday, January 20, 2023 - 6:21pm | 494Since New York legalized recreational marijuana in March 2021, several tobacco shops in the Big Apple began selling unlicensed weed products. However, these smoke shops have been exposed to continual robberies, which increased more than fourfold between the first and second years of...
-
MedMen Still Refusing To Close $73M Transaction With Ascend Wellness Regarding New York Properties
Thursday, January 6, 2022 - 11:55am | 413Ascend Wellness Holdings, Inc. (CSE:AAWH.U) (OTCQX: AAWH) confirmed Thursday that MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) is still refusing to close the deal regarding New York properties. What happened The New York-based vertically integrated cannabis operator first revealed on Monday...
-
Columbia Care Prepares For New York's Legal Cannabis Program, Starting With Weed Cultivation At New Facility
Wednesday, September 29, 2021 - 10:29am | 373Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) will begin growing and processing cannabis in its New York facility. The cannabis company confirmed Wednesday that it has obtained approval from the New York State Department of Health to start operations at its new...
-
Green Thumb To Open Cannabis Production Facility On Former Federal Prison Site in New York State
Monday, September 13, 2021 - 8:24am | 477One of the nation’s leading cannabis operators, Green Thumb Industries Inc. (OTCQX: GTBIF)(OTCQB: GTII), will be building a modern cannabis campus on the site of a former federal prison in Warwick, New York. The Mid-Orange Correctional Facility was once a federal prison that held men...
-
The 3 Toughest States To Start A Cannabis Business
Friday, February 8, 2019 - 2:57pm | 1425Starting a cannabis business varies greatly from state to state. More than half of Americans have access to legal cannabis in some form, but state-by-state legalization means that starting a cannabis business in Oregon isn’t the same as in Massachusetts. Today legislation, fees, and delays...