Cannabis regulators in New York on Thursday issued 50 additional licenses to operate an adult-use marijuana business in the state, growing the number to 215 licenses awarded since the marketplace went into effect. The new licenses were announced as a social equity and economic plan, a move meant to expand the development of the legal cannabis market in New York. The moves come … [Read more...] about New York cannabis regulators approve 50 more licenses
New York
Beyond the Dispensary: Gotham Brings its Cannabis and Cultural Concept Store to Downtown NYC
NEW YORK, May 10, 2023 /PRNewswire/ -- Gotham, a new, artfully curated cannabis concept store, announced today the opening of its flagship on May 11, 2023 at 10:00 a.m. Located in the Bowery in New York City, the two-story retail and gallery space designed by Cinema Vitae will feature Gotham-branded products, premium cannabis, fashion and lifestyle brands, as well as art … [Read more...] about Beyond the Dispensary: Gotham Brings its Cannabis and Cultural Concept Store to Downtown NYC
New York Governor Signs Legislation To Reign In Illicit Weed Market
New York Governor Kathy Hochul on Wednesday signed legislation to reign in the state’s illicit marijuana market that includes penalties for unlicensed cannabis retailers of up to $20,000 per day. The legislation, which increases civil and tax penalties for the illicit sale of cannabis in New York, was signed into law as part of the state budget for the 2024 fiscal year. Hochul … [Read more...] about New York Governor Signs Legislation To Reign In Illicit Weed Market
Flower to the people: Hundreds gather for 50th annual NYC Cannabis Parade and Rally
On Saturday afternoon in Union Square, New Yorkers queued up in long lines outside green tents emblazoned with the city’s logo. The coveted merch they were waiting for? T-shirts emblazoned with the We Love NYC logo — though the heart was replaced with a marijuana leaf. “We love – uh, sorry – we canna NYC,” said volunteer Bobby Bakez as he held up one of the lavender … [Read more...] about Flower to the people: Hundreds gather for 50th annual NYC Cannabis Parade and Rally
Medicinal cannabis industry says more work needed to address illegal sales
The medicinal cannabis industry in New York is worried the state's efforts to address illicit marijuana sales won't go far enough in addressing the ongoing problem in the state. New York lawmakers and Gov. Kathy Hochul in the newly approved $229 billion state budget agreed to new penalties for businesses that sell cannabis without a license, including civil fines and … [Read more...] about Medicinal cannabis industry says more work needed to address illegal sales
2 illegal marijuana trucks confiscated in Queens
NEW YORK -- Police confiscated two mobile marijuana dispensaries operating illegally on different street corners in Astoria, Queens. One truck was towed away, and the other was driven away. During the investigation, detectives say they made purchases from both trucks and found hundreds of packages of edible cannabis packaged to look like popular children's candies and … [Read more...] about 2 illegal marijuana trucks confiscated in Queens
How New York plans to address illegal cannabis sales
Additional penalties and shutting down businesses will be used to crack down on illicit cannabis sales in New York under an agreement reached in the $229 billion state budget. The spending plan, approved on Tuesday, included the provisions as the state's marketplace for legal cannabis businesses is trying to get off the ground. Here's why lawmakers and Gov. Kathy Hochul acted, … [Read more...] about How New York plans to address illegal cannabis sales
‘Shark-like’ investors emerge as NY officials court out-of-state money for cannabis startups
State cannabis officials are trying to attract more investors to New York to help dispensary operators get their businesses up and running – a process that has been slower than anticipated. But state rules make it difficult for some established cannabis investors to enter the retail market. And New Yorkers who have marijuana dispensary licenses say they are receiving unsavory … [Read more...] about ‘Shark-like’ investors emerge as NY officials court out-of-state money for cannabis startups
Legal fight playing out over plans for cannabis dispensary in Harlem
HARLEM, Manhattan (WABC) -- To sell weed, or not to sell weed? That's the big question at the center of a lawsuit looking to block plans for a legal cannabis dispensary in Harlem. Smack dab in the middle of 125th Street, in the heart of Harlem, across from the Apollo Theater sits a grey empty storefront surrounded by the hustle and bustle. But soon it may be booming after it … [Read more...] about Legal fight playing out over plans for cannabis dispensary in Harlem
NYC bid to stem growth of “illegal” cannabis shops undermined by toothless laws, conflicting priorities
New York’s efforts to curb the explosion of unlicensed weed shops have been largely ineffective due to a tangle of limited laws, agencies with overlapping responsibility and spotty enforcement, a Daily News investigation has found. Despite high-profile actions, like Thursday’s 4/20 raid of a midtown Weed World shop, the state and city have struggled to stem the proliferation of … [Read more...] about NYC bid to stem growth of “illegal” cannabis shops undermined by toothless laws, conflicting priorities
