Blog

Under the Marijuana Regulation and Taxation Act (“MRTA”), a new government entity was created to license the cultivation, processing, distribution, sale, and delivery of cannabis in New York State. Each commercial activity involving adult-use cannabis will require a license.  Accordingly, because the law generally limits (1) vertical integration and (2) the number and type of licenses that a person may hold, businesses will have to seriously consider which license type best serves their goals, interests, and abilities.

Major changes have come to the New York State Cannabis market. On September 12, 2023, the New York State Cannabis Control Board — which is the State body responsible for regulating the adult-use, medical, and cannabinoid hemp industries in New York — met to consider Revised Adult-Use Cannabis Regulations, the Adult-Use Cannabis Application, the Cannabis Research License Application, the Cannabis Laboratory Testing Permits, among other things. This blog will highlight some of the most significant developments from the meeting.

Governor Kathy Hochul recently signed legislation aimed at curbing the illicit cannabis market in New York State. The new law, part of the FY 2024 Budget, provides increased enforcement power to the Office of Cannabis Management (OCM) and the Department of Taxation and Finance (DTF) to crack down on unlicensed dispensaries. This blog will explain what the new law entails, why it was necessary, who has been given new powers, what those powers are, and how they will contribute to a more regulated cannabis industry in the state.

Watch Jacob Zoghlin explain all of the ins and outs of the Conditional Adult Use Retail Dispensary License.