new york cannabis social equity fund

New York Recruiting Social Equity Fund Manager

New York is beginning its search for a fund manager for New York’s $200m social equity cannabis fund. In January of 2022, Governor Kathy Hochul announced that New York is proceeding with the $200m fund (as contemplated in the Marijuana Regulation and Taxation Act (MRTA)), with $50m of funds committed by the State and a

oregon cannabis licensing 2022

Oregon Cannabis Licensing in 2022

After a rollercoaster open market experiment, Oregon finally raised the walls on its cannabis program earlier this year. Typically, there are two broad approaches a state may take in walling off a regulated cannabis program, dormant commerce clause issues notwithstanding. The first is by enacting residency requirements for marijuana business ownership. Oregon did away with

federal marijuana legalization

BREAKING: Biden to Decriminalize Cannabis and Expunge Convictions

In anticipation of today’s scheduled vote on the MORE Act by the U.S. House of Representatives, the Biden Administration just announced that cannabis is now decriminalized, and that all federal cannabis convictions are hereby expunged. Actually, none of that is true. Sorry! It’s what passes for an April Fools joke here at the Canna Law

oregon cannabis qualified applicant social equity

Oregon Cannabis: Social Equity and “Qualified Applicants”

Who is a “qualified applicant” under Oregon’s new marijuana license reassignment program? First, some context. House Bill 4016, which introduced the reassignment concept, represents a sea change for Oregon’s licensed marijuana industry. The bill presently awaits signature by the Governor, and no one is betting it won’t become law. Our take on all of Oregon’s

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

california cannabis taxes children

Would Cutting California Cannabis Taxes Hurt Children?

We have been watching the debate on California cannabis taxes, including the arguments from child welfare advocates that cannabis tax reductions would harm children. In this post, I’ll explain why this perspective is flawed, and propose a better path forward. The California cannabis tax headache California is potentially overhauling cannabis taxes, a much-needed reform for

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 social equity

New York Cannabis: $200 Million for Social Equity

New York Governor Kathy Hochul announced that New York will establish a $200 million fund to support social and economic equity applicants seeking adult-use cannabis licenses. Governor Hochul made the announcement during her State of the State address last week, on January 5, 2022. It is really easy to talk about prioritizing cannabis social equity

environmental social governance cannabis industry

ESG and Cannabis is No Easy Task Right Now

Socially responsible and “sustainable” investing is picking up in popularity across retail and institutional investors alike. According to Wikipedia, “[i]n less than 20 years, the ESG movement has grown from a corporate social responsibility initiative launched by the United Nations into a global phenomenon representing more than US$30 trillion in assets under management.” When it