A flicker of hope for the weed business For years, the dreams of the cannabis industry looked like they might go up in smoke, with the U.S. government classifying marijuana as a drug as dangerous as heroin. But the multibillion-dollar industry now has some hope that could change. Shares in cannabis-related companies are soaring, as the Biden administration weighs easing federal … [Read more...] about The Cannabis Industry Hopes for New Highs
New York
New York Bill Would Revoke Illicit Pot Shops Liquor, Tobacco Licenses
A New York state lawmaker is proposing legislation that would give regulators the authority to revoke the liquor, lottery and tobacco retailer licenses from stores that sell weed without a license. If passed, the legislation would go into effect immediately, giving officials new tools to combat the illicit pot shops that have proliferated since the state legalized adult-use … [Read more...] about New York Bill Would Revoke Illicit Pot Shops Liquor, Tobacco Licenses
New York Judge Strikes Down Cannabis Marketing Rules
A New York court ruled in favor of Leafly Holdings and other plaintiffs that the state’s ban on third-party cannabis marketing is unconstitutional, striking down advertising rules, after the ruling initially invalidated all of the state’s adult-use regulations. Last September, a lawsuit filed by the plaintiffs Leafly Holdings, adult-use retailer Stage One Dispensary, and a … [Read more...] about New York Judge Strikes Down Cannabis Marketing Rules
Despite security, Blasdell marijuana shop owner says burglars stole $389,000 in product from vault
The owner of a state-licensed marijuana dispensary in Blasdell said someone broke into his business and its walk-in vault and stole nearly $400,000 in cannabis products. Whoever stole the pot on Feb. 23 was able to get through several locked doors, disable two security camera systems and use a numerical code to open the vault at the 716 Cannabis shop on Electric Avenue, … [Read more...] about Despite security, Blasdell marijuana shop owner says burglars stole $389,000 in product from vault
Cannabis Cultivator Fees Waived in New York Until 2026
The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this recent progress to help struggling cultivators. “Farmers are the backbone of our State, and we’re making sure the family farms across New York that are building our cannabis industry have a real chance to succeed,” … [Read more...] about Cannabis Cultivator Fees Waived in New York Until 2026
Office of Cannabis Management reels under retaliation claims, Hochul’s call for review
ALBANY, N.Y. (WRGB) — The State Office of Cannabis Management is feeling the heat this week –from the governor calling for an overhaul of the state agency to a top officer placed on administrative leave following retaliation allegations. Earlier this week, Governor Kathy Hochul ordered a top-down review of the state’s adult-use cannabis program to smoke out the reasons behind … [Read more...] about Office of Cannabis Management reels under retaliation claims, Hochul’s call for review
First Black Woman-Owned Dispensary Opens in Manhattan
Bliss + Lex is a Black woman-owned cannabis dispensary in Manhattan and its team says it’s the first dispensary of its kind to do so in a March 20 announcement. Licensed adult-use cannabis businesses are beginning to appear in New York City as they compete with unlicensed businesses. “This is a once-in-a-lifetime opportunity to pull up our own seat at the table in the cannabis … [Read more...] about First Black Woman-Owned Dispensary Opens in Manhattan
Office of Cannabis Management reels under retaliation claims, Hochul’s call for review
ALBANY, N.Y. (WRGB) — The State Office of Cannabis Management is feeling the heat this week –from the governor calling for an overhaul of the state agency to a top officer placed on administrative leave following retaliation allegations. Earlier this week, Governor Kathy Hochul ordered a top-down review of the state’s adult-use cannabis program to smoke out the reasons behind … [Read more...] about Office of Cannabis Management reels under retaliation claims, Hochul’s call for review
New York Governor Begins Review of Weed Legalization Rollout
New York Governor Kathy Hochul announced on Monday that her administration will conduct an assessment of the state’s rollout of legal recreational marijuana, saying that the review is needed to ensure the success of the regulated cannabis market. New York lawmakers passed legislation legalizing recreational pot nearly three years ago, but the rollout of regulated sales has been … [Read more...] about New York Governor Begins Review of Weed Legalization Rollout
Illegal pot shops across New York City are hurting legitimate marijuana dispensaries, Gov. Kathy Hochul says
NEW YORK -- Gov. Kathy Hochul says the abundance of illegal marijuana dispensaries in New York is hurting legitimate businesses, and she's asking social media companies to help her crack down on illegal pot shops. The space where Bar Veloce is now on Ninth Avenue may soon become Hell's Kitchen's first legal marijuana dispensary. An application was … [Read more...] about Illegal pot shops across New York City are hurting legitimate marijuana dispensaries, Gov. Kathy Hochul says
