New York State

The state of New York has taken a bold step forward in the world of cryptocurrency by introducing a bill that would make digital assets a legal form of payment within the state. What Happened: The legislation introduced on Jan. 26 outlined changes to the state’s current financial...

Banks registered in New York State must request regulatory approval 90 days prior to engaging in crypto assets, even if it is through a third party, according to the New York Department of Financial Services. According to the guidance released on Thursday, banks will be required to provide the...

A group of legacy operators has formed a coalition called Unified Legacy Operators Council (UNLOC) from New York State, in order to compel regulators to take the underground industry seriously. The group, with about 25 members, expressed that "legacy entrepreneurs have deep connections in the...

A New York lawmaker introduced a bill this week to legalize psilocybin mushrooms for medical purposes and establish facilities where the psychedelic could be grown and administered to patients. Assemblyman Pat Burke (D) filed the legislation, which would create a system in New York that is...

On Thursday, New York’s Cannabis Control Board (CCB) voted to file a regulation that would allow certified patients to cultivate up to six cannabis plants for their own therapeutic use. According to the Marijuana Regulation & Taxation Act (MRTA) passed in 2021, home cultivation...

During his State of the State and budget address Tuesday, New York State Gov. Andrew Cuomo reiterated his intention to legalize adult-use cannabis in the state. What Happened Cuomo presented his plans for a "justice agenda" in the first 100 days of the term and reiterated plans to...