True Party of Interest includes, but is not limited to the following: a: applicant or licensee’s sole proprietor, partner (whether limited or general), member, manager, president, vice president, secretary, treasurer, officer, board member, trustee, director, or a person with equivalent title to each of the foregoing; b: Stockholder of applicant or licensee; c: each person that makes up the ownership …
New York is taking an unprecedented approach to supplying the incoming recreational market. The first wave of legal cannabis crops will come from cannabinoid hemp farmers in upstate New York. The outdoor, “sun-grown” crops are expected to supply the first wave of dispensaries scheduled to open at the end of 2022. It presents a unique and positive opportunity for those …
Answers for all your questions about the New York cannabis market and licensing process. Who qualifies for social equity, adult-use cannabis retail dispensary licenses in New York? The Marijuana Regulation Taxation Act (MRTA) sets the following qualifications for social equity applicants: Individuals from communities disproportionately impacted by cannabis prohibition Minority-Owned Businesses Women-Owned Businesses Veteran-Owned Businesses Distressed Farmers What are the …
An increasing number of states have been opening application programs for cannabis business licenses, though this process differs between states. In Illinois and Missouri, license programs are run statewide, but in states like California, New Jersey, and New York, licensing periods are determined by municipalities. Oftentimes, applications are only accepted during a short window of time and are graded on …
Since New York legalized recreational cannabis last year, the conversations around its impact have been buzzing. One of the topics, often polarizing public opinion, is the subject of social equity. New York is making waves for its robust Cannabis Social Equity Initiative. The Marijuana Regulation and Taxation Act (MRTA) was introduced and passed by Governor Kathy Hocul on March 10, …
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 with the state decriminalizing possession of 25 grams or less in 1977. If found …
Get to know Point Seven Group founder and CEO Ashley Picillo. Shortly after High Country honored six local women in cannabis last year, where I referenced the book “Breaking the Grass Ceiling: Women, Weed and Business,” a colleague connected me to its co-author, Ashley Picillo, who just happened to have relocated from Denver to Snowmass Village for the summer (and stayed for …
The state of New York may legalize cannabis sooner rather than later. On January 7th, 2021 New York State Lieutenant Governor, Kathy Hochul, tweeted “It’s time to finally legalize marijuana and create an equitable adult-use cannabis program that generates much needed revenue for New York.” Only 9 short months later, Hochul has now announced the final picks to fill the …
In any highly regulated industry, expansion techniques may be difficult to develop, but in the ever-changing regulatory landscape of cannabis and hemp businesses, compliance and organization become even more integral to successfully growing your business. Additionally, with mass legalization efforts taking place across the country, business owners should always look for new ways to approach emerging markets. This article will …
A panel of industry leaders provide an informative exchange on the expected future and growth of Cannabis on the East Coast. Discussions included an update on legal and regulatory developments as well as what legalization will mean to the Cannabis Industry and the East Coast market. Webinar Replay Here Panelists:Andrew Davison, CEO, GCH, Inc.Vikas Desai, Founder, Partner, Achari VenturesArnaud Dumas …
