As the number of cannabis businesses serving New York’s adult-use market continues to grow, the number of banking opportunities for these businesses remains limited.The New York Office of Cannabis Management (OCM) launched a cannabis banking directory at the bottom of its Social Economic and Equity (SEE) page on its website on Feb. 5. This directory allows industry licensees to … [Read more...] about Less Than 1.5% of New York’s Banks Credit Unions Service Cannabis Industry
New York
Lawmaker Wants Registry Of Closed Illegal Cannabis Stores
Assemblywoman Linda Rosenthal, D-New York City, is pictured on the Assembly floor in 2024. Rosenthal recently introduced legislation to create a registry of stores closed for illegally selling cannabis products. The state’s Cannabis Enforcement Task Force has been busy closing illegal cannabis stores around the state – including here in Chautauqua County. But no one knows just … [Read more...] about Lawmaker Wants Registry Of Closed Illegal Cannabis Stores
Connecticut Wants to Babysit Your Weed: A THC Cap Nobody Asked For
Ah yes, another day, another group of lawmakers clutching their pearls over cannabis. This time, the grand masterminds of Connecticut’s legislative circus have decided that adults can’t be trusted with weed stronger than 15% THC. Because obviously, if you let people buy potent weed, society will crumble into a smoldering heap of couch-locked anarchy.The latest genius proposal, … [Read more...] about Connecticut Wants to Babysit Your Weed: A THC Cap Nobody Asked For
New York man arrested in Mississippi for trafficking marijuana
HATTIESBURG, Miss. (WHLT) – Hattiesburg police arrested a driver during a traffic stop after a search led to the discovery of 126 pounds of marijuana. According to investigators, the Hattiesburg Police Traffic Interdiction Unit initiated a traffic stop on a vehicle traveling on I-59 for a moving violation around 2:30 p.m. on January 8, 2025. Upon further investigation, … [Read more...] about New York man arrested in Mississippi for trafficking marijuana
Is Illegal Pot Shop Crackdown Sputtering as City Appeals a Court Decision?
The city sheriff shutdown over 1,300 unlicensed pot shops last year across the five boroughs but the crackdown may have hit a speed bump in recent months as the city appeals a court ruling. A slower-moving state crackdown remains ongoing, but had netted only 59 illegal store closings in Manhattan last year, a spokesperson for the Office of Cannabis Management told Straus … [Read more...] about Is Illegal Pot Shop Crackdown Sputtering as City Appeals a Court Decision?
New York Marijuana Consumption Lounges Could Sell Food And Drinks While Hosting Live Concerts Under New Bill
A newly filed bill in New York would allow future marijuana consumption lounges to sell non-infused food, non-alcoholic beverages and hold live performances such as concerts. The legislation from Assemblymember John Zaccaro (D) seeks to amend the state’s cannabis legalization law as it concerns on-site consumption licenses, none of which have yet been licensed as regulators … [Read more...] about New York Marijuana Consumption Lounges Could Sell Food And Drinks While Hosting Live Concerts Under New Bill
After a slow start in NYS, number of legal cannabis stores skyrockets, Hochul says
ALBANY — After a slow and tangled start, the legal cannabis business in New York is hitting some new milestones. The number of legal cannabis stores has skyrocketed from about 80 in early 2024 to 275 by the end of the year, Gov. Kathy Hochul announced. Further, retail sales have topped $1 billion since 2023, with about $800 million coming in 2024, the governor said. The … [Read more...] about After a slow start in NYS, number of legal cannabis stores skyrockets, Hochul says
New York is seeing the hidden toll of legal weed: violence, psychosis and mayhem
New York City ended 2024 with a series of horrific subway incidents linked by a hidden thread: the state’s choice to legalize marijuana. Just days before Christmas, Debrina Kawam, a troubled New Jersey woman, was set on fire on an F train and burned to death, allegedly by Sebastian Zapeta-Calil, an illegal immigrant from Guatemala. Zapeta-Calil was deported from the United … [Read more...] about New York is seeing the hidden toll of legal weed: violence, psychosis and mayhem
After a slow start in NYS, number of legal cannabis stores skyrocket, Hochul says
ALBANY — After a slow and tangled start, the legal cannabis business in New York is hitting some new milestones. The number of legal cannabis stores has skyrocketed from about 80 in early 2024 to 275 by the end of the year, Gov. Kathy Hochul announced. Further, retail sales have topped $1 billion since 2023, with about $800 million coming in 2024, the governor said. The … [Read more...] about After a slow start in NYS, number of legal cannabis stores skyrocket, Hochul says
FLUENT Completes Acquisition of RIV Capital, Adding New York Operations to Footprint
Cansortium Inc., a vertically integrated, multistate cannabis company operating under the FLUENT brand, and RIV Capital Inc., a vertically integrated cannabis company operating the Etain brand in New York, are pleased to announce the completion of the previously announced arrangement with RIV Capital (the “transaction”), whereby FLUENT acquired all of the issued and outstanding … [Read more...] about FLUENT Completes Acquisition of RIV Capital, Adding New York Operations to Footprint
