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New York Supreme Court Judge Strikes Down Some Cannabis Regulations, Unsettling Industry Stakeholders
Friday, April 5, 2024 - 8:45am | 769In an odd turn of events, an Albany County Supreme Court judge struck down some, not all as previously thought, of New York’s adult-use cannabis regulations. The ruling, which deemed the regulations arbitrary and unconstitutional, was viewed as a challenge to NY’s Office of Cannabis...
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Cannabis Conundrum Heads To NY Supreme Court: Lawsuit Seeks To Overturn Impossible-To-Obey Regulation
Wednesday, April 3, 2024 - 3:39pm | 688Just when you thought it was safe to expect the launch of New York's beleaguered retail cannabis program, another lawsuit has hit the docket of the state Supreme Court. Gracious Greens, a cannabis retail license applicant, is suing New York's Office of Cannabis Management (OCM) over a regulation...
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New York Gov Hochul Orders Review Of Cannabis Licensing Process After Numerous Setbacks
Monday, March 18, 2024 - 7:25am | 1059Governor Kathy Hochul (D) ordered a review of the state’s cannabis licensing process, nearly two months after saying she was fed up with the slow rollout of the marijuana market. Hochul asked officials to find a solution to the inefficient cannabis licensing scheme amid a growing number of...
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New York's Unlicensed Cannabis Fine Fiasco: $25M Remain Uncollected
Thursday, February 22, 2024 - 10:43pm | 562New York’s ambitious crackdown on unlicensed cannabis retailers has hit a significant roadblock. Despite imposing over $25 million in fines since 2023, the state has barely recouped any of the levied amounts. This issue underscores the challenges faced by Gov. Kathy Hochul’s...
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Cannabis For Sale At Madison Square Garden? Top New York Weed Regulator Says 'Eventually,' Others Say No Thanks
Tuesday, February 20, 2024 - 3:53pm | 642The “World's Most Famous Arena” could soon be the greenest, noted the New York Post in an article quoting a top cannabis regulator who predicts cannabis will one day be sold at Madison Square Garden. "This is a new frontier. They're going to be selling weed at Madison Square Garden...
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NY Battles Illicit Cannabis Shops: Will Regulatory Tweaks Trigger A Market Makeover?
Wednesday, February 7, 2024 - 6:39pm | 568Since the approval of the Marijuana Regulation & Taxation Act in 2021, New York’s journey towards a flourishing legal cannabis market has been fraught with challenges. Regulatory hurdles and a thriving illicit market have hindered the growth expected by industry stakeholders and...
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NY's Legal Cannabis Earns $150M In First Year Of Sales Despite Licensing Hurdles
Friday, December 29, 2023 - 6:54pm | 488New York’s legal cannabis market surpassed $150 million in sales during its inaugural year, reports the Office of Cannabis Management (OCM). The market’s successful launch follows the approval of only 40 retail dispensaries from over 6,900 applicants, indicating a stringent vetting...
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Turning Over A New Leaf In New York? Cannabis Dispensaries Await Movement After Crucial Lawsuit Settlement
Monday, November 27, 2023 - 7:18pm | 694The New York State Cannabis Control Board (CCB) achieved a critical breakthrough in overcoming a legal impasse obstructing the establishment of numerous cannabis dispensaries in the state. What Happened: In a unanimous decision during Monday's meeting, the board endorsed a settlement agreement...
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NY Paves Way For Easier Cannabis Banking With Newly Signed Bill
Wednesday, November 22, 2023 - 3:08pm | 491New York State has taken a significant step towards easing the banking challenges faced by the cannabis industry with the passing of Senate Bill S1047. Sponsored by state Senator Jeremy Cooney (D-Rochester), the bill addresses critical banking issues for cannabis businesses. Facilitating Financial...
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New York Cannabis Industry Continues To Grapple With Regulatory Challenges And Uncertainties
Tuesday, November 21, 2023 - 4:37pm | 356Setback in Cannabis Licensing Settlement Discussions Leaves Industry in Limbo The New York Cannabis Control Board faced a setback in its Friday meeting as discussions about a settlement agreement, addressing two lawsuits concerning the state's CAURD program, were removed from the agenda. The...
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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...
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Gov. Tim Walz Appoints Cannabis Entrepreneur To Form & Lead Minnesota's New Marijuana Agency
Thursday, September 21, 2023 - 5:46pm | 489Minnesota Gov. Tim Walz (D) named the first executive director of the state's new Office of Cannabis Management on Thursday, saying that she “is a proven and effective leader, who will be successful in standing up Minnesota’s new adult-use cannabis market and helping...
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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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NYC Launches Cannabis Fund To Support Social Equity Applicants, Seeks Private Funders
Tuesday, July 18, 2023 - 8:30pm | 860New York City is investing in an equitable cannabis industry that "creates jobs, grows businesses, and creates greater prosperity in the process,” said Maria Torres-Springer, Deputy Mayor for Housing, Economic Development and Workforce. In an effort to promote participation in the...
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New York's Stalled Cannabis Program Takes A Hit As Key Figure Resigns, Scandal Brewing?
Thursday, June 15, 2023 - 12:25pm | 618Reuben McDaniel, one of the most influential figures in the rollout of New York’s beleaguered legal cannabis program, told Gov. Kathy Hochul’s office on Wednesday that he is resigning from the board of the Office of Cannabis Management (OCM), reported The City. McDaniel, who was...