New York Cannabis Regulators Approve Final Industry Rules Amid Pleas to “Pump the Brakes” on Big Operators
Meeting recap: Cannabis regulators paved a path for large operators to enter the state’s adult use industry as a program focused on justice-involved retailers is paused by litigation.
While two cannabis-related bills were up for discussion, focused on 311 complaints and an education campaign, several city stakeholders shared fresh concerns and updates on unregulated sales.
Lawsuits, unlicensed sales, and slow retail openings all factor in to how much revenue the city will see from legal cannabis – and when.
A new document obtained by Cannabis Wire shows that the city has “resolved” only 14 of the 47 court cases it has filed to close unlicensed shops. This represents only 1% of the more than 1,300 estimated unlicensed retailers.
Chicago Atlantic anticipates at least 15 new operational legal cannabis shops to open this fall with its backing.
New York regulators approved rules that could transform big events in the state and approved another 200 conditional retail licenses.
What about growers? Regulators had no updates about direct-to-consumer sales for cultivators.
Among the myriad proposals considered in the legislature this session, only a handful made the cut.
Event recap: here's what's next for New York's legal cannabis landscape.
Assembly Majority Leader Crystal Peoples-Stokes spoke during the meeting, which was held in Buffalo. She urged patience.
After Meeting With “Justice-Involved” Licensees, Cannabis Regulators Say More Program Changes are Coming
Regulators also announced that Long Island and Syracuse will see their first adult use shops open in June.
Cannabis regulators met on Tuesday for the second time in May to also approve emergency enforcement rules and a settlement related to a lawsuit that blocked licensing in parts of the state.
Regulators are expected to approve a far-ranging adult use rules package at Thursday’s Cannabis Control Board meeting.
Some of the bill’s stiffer penalties were softened, and all references to felonies were stricken, among other changes.
A lawsuit argues that the state’s adult use law allows them into the industry at the same time as anyone else, including the “justice-involved” licensees that have begun to open their doors.
As New York officials work to curb illegal cannabis sales, Cannabis Wire canvassed two Manhattan neighborhoods for a deeper look into unlicensed sales.