ALBANY, N.Y. — The New York State Office of Cannabis Management said in a meeting on Tuesday, November 12, that it expects $800 million in revenue from legal dispensaries by the end of the year. The potential end-of-year revenue total is much larger than the total from 2023, which featured the OCM combatting lawsuits and illicit shops, limiting revenue totals. By comparison, … [Read more...] about Office of Cannabis Management expects $800 million in revenue by end of year
cannabis
New York cannabis office approves a 6-month extension for CAURD provisional licenses
The New York state Office of Cannabis Management approved a six-month extension for provisional licenses for retailers with former marijuana convictions who want to open a recreational store, the office announced Tuesday. (AP Photo) The New York state Office of Cannabis Management approved a six-month extension for provisional licenses for retailers with former marijuana … [Read more...] about New York cannabis office approves a 6-month extension for CAURD provisional licenses
Cannabis operators say consumption lounge process too slow
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Big Alcohol’s Cannabis Beverage Push: Progress or Problem For Industry Leaders?
Cannabis beverages are the latest “trend” in cannabis consumption methods. But are cannabis beverages simply a trend? Research says “no.” In 2023, the global cannabis beverages market size was valued at USD $1.16 billion. From 2024, the market is projected to grow at a CAGR of 19.2 percent to reach $3.8 billion by 2030.So what’s driving the increase in the consumption of … [Read more...] about Big Alcohol’s Cannabis Beverage Push: Progress or Problem For Industry Leaders?
‘Blatant patient abandonment’ Botanist Buffalo set to close on Saturday
BUFFALO, NY (WKBW) — The Botanist Medical Marijuana Shop will close on Saturdays; employees tell 7 News the sudden closure is disrespectful to their patients and marks a grim future for the medicinal cannabis industry. "We need to fight for this; it's people's lives we are talking about," said Carlotta Marrs, a dispensary associate at the Seneca Street shop for over 8 … [Read more...] about ‘Blatant patient abandonment’ Botanist Buffalo set to close on Saturday
DEA Reschedules Rescheduling, and I’m Feeling a Little Like Charlie Brown Trying to Kick the Football
No, it’s not (just) a cruel play on words. Last week, the Drug Enforcement Administration announced that a much-anticipated public hearing on the proposal to reschedule marijuana was being pushed from early December until the first quarter of 2025. I’m not sure I specifically predicted this, but it’s just about the most predictable thing ever. And it has a number of people … [Read more...] about DEA Reschedules Rescheduling, and I’m Feeling a Little Like Charlie Brown Trying to Kick the Football
New GOP Senate Leader John Thune Opposes Marijuana Legalization: Implications For Banking Access And More
Sen. Thune joined fellow GOP lawmakers in a letter challenging the Biden administration's proposal to reclassify marijuana to Schedule III. Thune's opposition to reform indicates future challenges for cannabis, despite Trump's comments indicating support for federal legalization. Senate Republicans elected Sen. John Thune of South Dakota as the new majority leader Wednesday, … [Read more...] about New GOP Senate Leader John Thune Opposes Marijuana Legalization: Implications For Banking Access And More
What’s Next For Legal Marijuana
Going into 2025, the cannabis industry will have to be more limber. The election is done and Donald Trump will be returning to the White House and Republicans having greater control in Congress. The election showed the majority of people want recreational in Florida, Nebraska will finally have medical marijuana, and cannabis wasn’t a deciding factor in swinging votes. With the … [Read more...] about What’s Next For Legal Marijuana
Trump’s Pick for Attorney General Promising for Cannabis Policy, Rescheduling
In a U-turn from Donald Trump’s first term in the White House, the president-elect’s pick for attorney general is a friend of pro-cannabis policies. U.S. Rep. Matt Gaetz, R-Fla., whom Trump nominated on Nov. 13 as the next head of the Department of Justice (DOJ), has a legislative record of supporting federal cannabis legalization, loosening restrictions on cultivating cannabis … [Read more...] about Trump’s Pick for Attorney General Promising for Cannabis Policy, Rescheduling
Alleged backdoor backpack hiding of illegal cannabis leads Minnesota agency to sue hemp retailer Zaza Lake Street
The state Office Cannabis Management has filed suit against a St. Paul and Minneapolis hemp retailer, asking a judge to permit it to destroy as much as $20,000 worth of cannabis products the state alleges are illegal. The suit, filed this week in Hennepin County District Court, names Zaza Lake Street, LLC, as the defendant in the action that followed multiple inspections of the … [Read more...] about Alleged backdoor backpack hiding of illegal cannabis leads Minnesota agency to sue hemp retailer Zaza Lake Street
