New York Cannabis News

New York Gov. Kathy Hochul (D) is creating a $200 million fund for social equity applicants looking to join the adult-use cannabis industry.

Teva Pharmaceuticals USA Inc., the U.S. arm of a pharmaceutical firm that recently announced an international medical cannabis distribution deal, was found guilty in New York for contributing to the opioid crisis.

The deadline for New York’s municipalities to ban cannabis industry operations has passed with some 42% opting out of dispensaries and 48% opting out of on-site consumption businesses.

The U.S. Department of Agriculture has approved New York’s hemp plan. All currently licensed growers must reapply under the new program.

Rochester, New York’s mayor-elect Malik Evans has proposed using cannabis taxes to bolster a universal basic income program for his constituents.

Some 24% of New York municipalities have now opted out of allowing adult-use cannabis operations.

New York state has shown a strong interest in the cannabis industry, with only 9% of towns and villages opting out of the market.

New guidelines from the New York Metropolitan Transportation Authority include a ban on advertisements for cannabis and hallucinogenic mushrooms, similar to bans on alcohol and tobacco advertising.

The head of New York’s Cannabis Control Board said last week she does not anticipate the state will begin issuing industry licenses until the spring of 2023 at the earliest.

The head of New York’s Cannabis Control Board declared the practice of gifting cannabis as part of a promotion illegal under the state’s adult-use law.

Cannabis cultivation-related cases are down 67.5% this year in New York after lawmakers approved legalization in March.

Medical cannabis patients in New York will soon be allowed to grow their own cannabis under new rules from the Office of Cannabis Management.

Most New York businesses can no longer test employees for cannabis, according to guidance released earlier this month by the state Department of Labor.

New York’s LIM College announced the creation of its Bachelor of Business Administration degree program in cannabis, which the college says is the first of its kind in the nation.

During their first meeting on Tuesday, the board in charge of implementing New York’s legalization bill enacted medical cannabis reforms including waiving application fees, allowing for whole flower, and raising supply limits.

The New York State Fair is reconsidering its open cannabis policy following some complaints from this year’s event.

Park Strategies, a New York-based lobbying firm that specializes in highly regulated industries, is launching a division to focus on cannabis legalization and other industry issues.

There were just eight cannabis-related arrests in New York City during the second quarter of 2021, representing a 95% decrease in arrests from the year prior.

Brooklyn, New York’s Medgar Evers College is the first City University of New York campus to offer a cannabis minor degree program.

New York leaders have confirmed two officials to help run the state’s upcoming adult-use cannabis program.

TILT Holdings is partnering with Long Island, New York’s Shinnecock Indian Nation to establish vertical cannabis operations on their tribal territory in the Hamptons.

PharmaCann is planning an initial public offering that could value the company at over $1 billion, according to a Reuters report.