Embarking on a journey in the New York cannabis industry is an exciting and potentially lucrative venture, but it’s not without its challenges. To navigate this emerging and complex landscape successfully, many entrepreneurs seek the expertise of cannabis business consultants. However, choosing the right consultant can be a critical decision that significantly impacts your business’s success. Here are four essential …
In the bustling landscape of American cannabis reform, New York stands out as a prominent example of the journey from prohibition to progress. From the inception of medical marijuana legalization to the groundbreaking steps taken towards adult-use cannabis, New York cannabis laws have evolved significantly over the past decade. Modest Beginnings: Medical Marijuana in New York The first major milestone …
The adult-use cannabis market in New York has generated significant excitement and anticipation since the state’s legalization of recreational cannabis in 2021. However, the industry is currently in a state of transition as stakeholders eagerly await the finalization of regulations and the announcement of a cannabis business licensing period for the general population. This article provides an overview on the …
New York‘s cannabis industry is regulated by a comprehensive framework that governs various aspects of the market. From cultivation and processing to distribution and retail, all New York cannabis business licenses have their own set of permissions and limitations. Understanding these regulations is crucial for businesses and individuals looking to participate in New York‘s cannabis market. New York Cannabis Cultivation …
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: What are the ownership requirements for a cannabis business entity to be considered a social equity applicant? To be …
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 …
