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Despite 90% Application Failure, New York's Weed Sales Reach $530M —Governor Hochul Reacts
Friday, August 23, 2024 - 12:56pm | 550The New York Office of Cannabis Management (OCM) is undergoing significant changes following a critical May 2024 report from the Office of General Services (OGS). The report revealed that the OCM had failed to issue cannabis business licenses to 90% of applicants, leading to the departure of...
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Licensed But Closed: New York's Cannabis Dream Faces Bureaucratic Nightmare
Tuesday, July 9, 2024 - 12:54pm | 776New York’s dream of a thriving legal cannabis market for many licensed retailers remains just that – a dream, as the gap between the issued licenses and operational dispensaries widens alarmingly. The New York Office of Cannabis Management (OCM) has issued a total of 1,117 licenses,...
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Billions In Cannabis Sales Projected: New York's Legal Hurdle Lifted For 30 Retailers
Thursday, August 24, 2023 - 6:38pm | 623Legal Hurdle Lifted For 30 New York Cannabis Retailers After Preliminary Injunction A recent preliminary injunction by Judge Kevin Bryant could lead to a substantial increase in operational cannabis retailers in New York. With 23 marijuana retailers already in operation out of the approved 463...
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The Debacle Called NY Cannabis Market: State Supreme Court Halts New Retail Licenses Following Veterans' Lawsuit
Tuesday, August 8, 2023 - 8:58am | 937On Monday, a state Supreme Court judge ordered a temporary halt on the issuance of new Conditional Adult-Use Retail Dispensaries (CAURD) licenses in New York. What Happened: Justice Kevin Bryant ruled that without a court order blocking the licensing program “immediate and...
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Turning Over A New Leaf: Formerly Jailed Latino Embraces NY Cannabis Market And Vice Versa
Thursday, April 6, 2023 - 7:08pm | 449Fernando Peña, a former inmate at Rikers Island for marijuana possession and his wife Suzanne Furboter have obtained a license to operate a cannabis dispensary in New York under the Conditional Adult-Use Retail Dispensary licensing program. This program is intended to...
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Two Years Later And Retailers Are No Closer To Cannabis Licenses In New York State
Monday, March 13, 2023 - 10:29am | 784The delays keep coming for New York’s recreational cannabis market. In late January, a federal court upheld an injunction blocking the state’s cannabis dispensary rollout. In the interim, the state’s gray market continues to thrive. To say the process is frustrating for potential...