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Are Dispensary Owners Trapped By New York's Cannabis Social Equity Fund? Pitfalls On The Horizon
Friday, November 17, 2023 - 11:36am | 694The New York State Cannabis Social Equity Investment Fund, a joint public-private effort, aimed at supporting individuals affected by the unequal enforcement of cannabis prohibition might look good on paper but may not be very efficient or fair in reality. As it turns out, the 10-year...
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Military Veterans Who Sued New York Cannabis Regulators Reach Settlement & Tax Relief For NYC Pot Shops
Wednesday, November 15, 2023 - 10:01am | 808Military veterans who sued the Office Of Cannabis Management (OCM) in August, which provoked a temporary injunction on the issuance of new social equity retail licenses have finally reached a settlement. The settlement comes some five weeks after New York regulators opened the licensing...
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Judge Overturns Ban On Two New York Weed Shops, Cannabis Updates In New Hampshire & Michigan
Monday, October 9, 2023 - 3:40pm | 532How New Hampshire Can Regulate MMJ In Anticipation Of Legalization Top New Hampshire cannabis officials shared their testimony with the 17-member state commission tasked with coming up with a measure to legalize recreational marijuana via state-run stores last week, reported Marijuana Moment....
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New York's Cannabis Licensing Application Period Is Finally Open To All After Months Of Chaos
Thursday, October 5, 2023 - 2:30pm | 461Governor Kathy Hochul announced the biggest leap forward for New York's legal cannabis market. With an array of licenses up for grabs, individuals and businesses can now participate in the legal production, processing, distribution and sale of cannabis. As of Oct. 4, the application period...
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New Yorkers Love Weed, First Legal Shop Rakes In Millions After Only Six Months Of Sales
Monday, July 31, 2023 - 2:20pm | 776Housing Works Cannabis, the first licensed New York retailer selling recreational cannabis sold roughly $12 million worth of weed during the first six months of operations. Since the store opened in lower Manhattan on Dec. 29, 2022 the shop, run by Matthew...
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New York's Cannabis Program Is A 'Disaster' And Regulators Should 'Prepare For War,' Lawyer Says
Friday, July 28, 2023 - 9:46am | 1122Government tax agents recently swarmed two Manhattan stores belonging to Empire Cannabis without presenting a warrant, which is illegal. Empire is now striking back and seeking legal counsel from Steve Zissou — the same attorney who represented Soviet arms dealer Viktor Bout and helped...
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'We Have To Fight, They Came At Us': Empire Cannabis Plans To Sue NY State Following Police Raid
Tuesday, July 25, 2023 - 11:40am | 609Empire Cannabis Club, an unlicensed marijuana retail chain with six stores in New York City, is planning to take legal action against state regulators. What Happened: New York cops raided at least two marijuana stores run by the Elfand family in Manhattan, including one in the Chelsea neighborhood...
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NYC State Senator Is Unhappy With Illicit Weed Shops In His Neighborhood, Appeals To Regulators
Wednesday, July 19, 2023 - 11:16am | 643A New York lawmaker is the latest to urge the state cannabis regulator to tackle the issue of unlicensed cannabis retailers, reported High Times. State Senator Brad Hoylman-Sigal, the Senate Judiciary Committee chair who represents New York's 47th District (Manhattan's West Side...
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Weed At Farmers' Markets? Not In This State. Plus: What's Next For AL's MMJ Program And More Cannabis Reg Updates
Thursday, July 6, 2023 - 11:25am | 727Legal Weed Sales At Farmers' Markets On Hold In NY New York Gov. Kathy Hochul's administration is pausing plans to allow licensed cannabis growers and retailers to sell products at farmers' markets and festivals. While industry stakeholders and advocates are disappointed with the move...
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Chicago Firm Sees Value In NY Rec Market, Speeds Up Roll-Out With $150M Investment
Monday, July 3, 2023 - 11:58am | 353An investment group based in Chicago has handed out $150 million to New York's Cannabis Social Equity Investment Fund to accelerate the slow roll-out of the state's recreational market. According to Friday's announcement by Gov. Kathy Hochul's office, Chicago Atlantic Admin, LLC...
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'Time For Course Correction': Activists Urge NY Gov. Hochul To Open Up Rec Program
Friday, June 30, 2023 - 9:33am | 539A so-called "unincorporated trade association" gathered outside the Manhattan office of New York Gov. Kathy Hochul to protest the slow rollout of New York's recreational cannabis market. What Happened: The Coalition for Access to Regulated and Safe Cannabis (CARSC) protested in New...
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NY Cannabis Officials Clamp Down On Unlicensed Weed Shops, Steep Penalties For Illicit Sales
Friday, June 9, 2023 - 12:17pm | 473As of Thursday, an interagency task force including agents from New York's Office of Cannabis Management (OCM) and the Department of Taxation and Finance began seizing unlicensed cannabis products and shutting down unlicensed storefronts in New York City. The latest announcement from...
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NYC Marijuana Businesses Get A Tax Break As New Cannabis Czar Focuses On Social Equity
Wednesday, June 7, 2023 - 12:06pm | 539A measure that would grant tax relief to cannabis businesses in New York City, which they are not entitled to under federal law, got the green light from the State Senate on Monday, reported Marijuana Moment. Though obliged to pay taxes, cannabis companies do not benefit ...
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Who's Going To Buy All This Weed? New York's Slow-Moving Market Leaves Cannabis Farmers Hanging
Monday, June 5, 2023 - 1:48pm | 753It's been a wild ride for New York's cannabis market and its efforts to get up and running as issues around its slow rollout keep piling up. Cannabis farmers have become concerned since the Cannabis Control Board's approved the first adult-use Cannabis...
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NY Set To Purge Unlicensed Weed Shops, Store Shut For Being Too Close To School Fights Back And More Updates
Thursday, June 1, 2023 - 11:49am | 864NY Wants To Put An End To Illicit Cannabis Retail Shops New York cannabis regulators approved a measure that would allow state authorities to shut down illegal pot shops and levy fines of up to $200,000, reported Lohud. The state Office of Cannabis Management approved emergency...