Though cannabis has had a tumultuous history in New York, the state’s emerging cannabis industry is finally on the cusp of legal sales. In March of 2021, the Marijuana Regulation & Taxation Act (MRTA) was signed into law – legalizing recreational cannabis. The New York cannabis market is projected to collect more than $1.25 billion in revenue over the next …
This article was originally featured on the RDC blog here. Though medical marijuana has been legal in the state since 2014, recreational cannabis was only recently legalized in New York in 2021. The rollout of recreational cannabis has been slow in New York, but draft regulations were recently released and now the industry is gearing up for licensing. It is projected that the New …
This article was originally featured on the Point Seven Group Industry News blog here. Though adult-use cannabis was only recently legalized in New York, the plant has had a long history in the state including cannabis decriminalization that started in the 1970s and a medical marijuana program that was established in 2014. Cannabis decriminalization efforts started early in New York …
The State of New York is making progress toward legalizing recreational cannabis sales, with almost 40% of municipalities opting in, including all five boroughs of New York City. Many municipalities have opted out, however, and the state’s regulatory framework has yet to be finalized. Despite this, if regulators stay on track, licensing will begin soon and legal sales will begin …
This article was originally featured on the CB Advisors blog. New York vs. New Jersey: A Guide to Recreational Cannabis in the Mid-Atlantic In a span of five months, two of the largest cannabis markets in the eastern U.S. legalized adult-use. Highlight of this blog is comparing New York and New Jersey Cannabis Laws. New Jersey voters approved the expansion of its …
Medical cannabis has been legal in New York since 2014, but the Marijuana Revenue and Taxation Act (S.854-A/A.1248-A) was only recently legalized by Governor Cuomo. Despite progress toward expanding access to cannabis in the state, a regulatory framework has yet to be established. Adults 21 years and older can currently possess up to 3 ounces of cannabis and up to …
New York has legalized medical cannabis by implementing the Compassionate Care Act in 2014 that follows very strict laws but is carried out by a very expensive program. Just when the COVID-19 started to spread, New York’s lawmakers and advocates were already over a year in the process of legalizing recreational cannabis for adults 21 and older. Political negotiations were made, proposals were presented from all sides but a “final deal” did not take place since, among other things, issues …
