202103.31
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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…

201901.16
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Summary of the Recently Announced New York Cannabis Law – The “Cannabis Regulation and Taxation Act”

On January 15, 2019, as part of his sweeping state budget, New York Governor Andrew Cuomo proposed a plan to legalize, tax and regulate adult-use cannabis (as well as to expunge past cannabis-related criminal records) under his proposed “Cannabis Regulation and Taxation Act.” The new law would cap the number of cultivation, distribution and retail…