New York Legalizes Recreational Marijuana And Creates Many Cannabis Business Opportunities

On March 31, 2021, Governor Cuomo signed into law the Marijuana Regulation and Taxation Act (MRTA, S.854A), legalizing weed in NY state.  It is now known officially as the New York “cannabis law.”  Although it will take many months for the newly created Office of Cannabis Management (OCM) to promulgate the rules and applications for…


Rockefeller Institute – Legal Adult-Use Cannabis Would Create Over 23,000 jobs and $3.2 Billion Economic Output

According to an analysis released April 25, 2019 by State University of New York, Rockefeller Institute of Government, an adult-use cannabis industry in New York could directly employ from 23,700 to 30,700 workers, depending on the size of the market (estimating at least a $1.7 billion market, perhaps as large as $4 billion, when considering…