new york cannabis licensing

New York Issues First Adult-Use Cannabis Cultivation Licenses

Yesterday, April 14, 2022 marked a historic event for New York’s adult-use cannabis industry: during the eighth Cannabis Control Board (CCB) meeting, the CCB issued the first adult-use cannabis licenses. The licenses: 52 conditional adult-use cultivation licenses based on the conditional license type rolled out by the CCB and Office of Cannabis Management (OCM) earlier

new york cannabis tax

New York’s New Cannabis Tax Deductions

New York snuck a pretty significant tax break for cannabis businesses into its 2022 budget. The Revenue Bill included a state tax deduction for cannabis related business expenses that are currently disallowed by § 280E of the federal tax code. We have seen this strategy in other “canna friendly” states and it’s a welcome development.

new york cannabis real estate

New York Cannabis Real Estate Refresher

Real estate is on the forefront of many people’s minds with New York on the doorstep of adult-use cannabis applications. And for good reason: owning or controlling real estate will be a requirement for applicants (with some soon-to-be caveats for social equity applicants). We have fielded lots of calls from prospective adult-use cannabis applicants starting

new york cannabis social equity

Funding New York’s Cannabis Social Equity Fund

With little fanfare or advance notice, the Dormitory Authority of the State of New York (“DASNY”) released a request for information (“RFI”) last month to determine interest and solicit information from qualified parties for an investment fund to finance “the establishment and development of adult-use retail cannabis dispensaries (“RCDs”)” for social and economic equity applicants.

new york conditional adult use retail dispensary license

New York’s Conditional Adult-Use Dispensary License

The creation of New York’s conditional adult-use retail dispensary license has made headlines. Although New York plans to issue only 50-100 of this new license type, the license type and its underlying rules and regulations is incredibly significant. Why? First, because the OCM and CCB have issued actual rules and regulations that will apply to

new york cannabis gift criminal

New York Cannabis “Gifting” — Criminal!

New York continues to crack down on unlicensed cannabis sales masquerading as “gifts” or “membership fees.” The Office of Cannabis Management (OCM) sent cease and desist letters a few weeks ago, which threatened substantial fines, possible criminal penalties, and “put[ting] your ability to obtain a license in the legal cannabis market at substantial risk.” Of

ada cannabis good guys litigation

ADA Cannabis Class Actions: Good Guy Edition

We’ve written about the need for cannabis companies to mind the Americans with Disabilities Act (the “ADA”) before, and, as evidenced by a recent filing against Good Guy Vapes Int LLC (“Good Guy”), the complaints haven’t slowed down. Cannabis company operators large and small should be aware of the growing trend of federal class action

new york cannabis retail social equity

New York to Reserve First Cannabis Retail Licenses for Those With Past Convictions

As reported (paywall) by the New York Times, New York intends to reserve its first retail licenses to sell marijuana for people convicted of marijuana related offenses, or their relatives.  The policy is part of the Marijuana Regulation and Taxation Act’s (MRTA) social and economic equity plan, which Simon Malinowski wrote about in this blog

new york cannabis marijuana

New York Cannabis: An Update

A lot of things have happened since our State of the State for New York’s cannabis industry. Of course, the one thing we have all been waiting for has not happened yet, which is the release of the first draft of the adult-use rules and regulations. Now that we are approaching the start of spring,

New York May Soon Let Hemp Licensees Grow Cannabis

New York May Soon Let Hemp Licensees Grow Cannabis

This week the New York legislature passed Senate Bill S8084A, which would enable existing licensed hemp growers and processors to cultivate and process cannabis under one of two types of temporary licenses: a temporary conditional cultivator license to process and distribute cannabis flower products without holding an adult-use processor or distributor license, and a temporary