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Top related persons:
Kathy Hochul - 1 Jeanette Moy - 1 Spencer Platt - 1 We're - 1 Daniel Haughney - 1 it's - 1 Marte - 1 we've - 1
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Search resuls for: "Cannabis Control Board"


10 mentions found


☆ New York Must Figure Out How to Fix Cannabis Mess, Hochul Orders
  + stars: | 2024-03-17 | by ( Ashley Southall | ) www.nytimes.com   time to read: +1 min
Kathy Hochul has told New York officials to come up with a fix for the way the state licenses cannabis businesses amid widespread frustration over the plodding pace of the state’s legal cannabis rollout and the explosion of unlicensed dispensaries. The main goal of the review, to be conducted by Jeanette Moy, the commissioner of the Office of General Services, is to shorten the time it takes to process applications and get businesses open, officials said. The state Office of Cannabis Management, which recommends applicants to the board for final approval, received 7,000 applications for licenses last fall from businesses seeking to open dispensaries, grow cannabis and manufacture products. But regulators have awarded just 109 so far this year. The agency has just 32 people assigned to evaluate the applications.
Persons: Kathy Hochul, Jeanette Moy Organizations: New, Cannabis Control Board, General Services, of Cannabis Management Locations: New York
☆ New York is cracking down on illegal weed stores as legal market struggles to take hold
  + stars: | 2023-09-18 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +3 min
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Currently, there are just 23 legal dispensaries open across the state, with only nine in New York City. But its effort has only begun to chip away at the vendors, particularly in New York City. In addition to skirting the tax system, smoke shops operating illegally may also pose significant health risks.
Persons: Spencer Platt, We're, Daniel Haughney Organizations: New, Getty, New York, Office, of Cannabis Management, CNBC, New York state's, Cannabis Management, New York City, New York Medical Cannabis Industry Association, Cannabis Control Locations: New York City, New York, New
☆ New York expands legal marijuana licenses — but some would-be retailers feel left behind
  + stars: | 2023-09-14 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +2 min
A woman walks by a smoke shop in New York City that displays a marijuana leaf in the window, June 16, 2023. Coss Marte's marijuana dispensary in lower Manhattan has already cost him over $1 million, and it's not even open yet. On Tuesday, the state's Cannabis Control Board voted for new regulations that would expand New York's meager marketplace for legal weed by allowing a wider range of applicants. New York has prioritized retail licenses for people who had been convicted of marijuana offenses before weed became legal in 2021. But lawsuits by medical marijuana and veterans groups have paused the program and barred New York regulators from issuing more licenses or opening businesses for existing licenses.
Persons: it's, Marte, we've, Chris Alexander, they've Organizations: Cannabis Control, Cannabis Management Locations: New York City, Manhattan, ., York, New York
☆ Some illegal cannabis shops operating in NYC are selling weed contaminated with salmonella and pesticides, survey says
  + stars: | 2022-12-01 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
A November survey tested 40 cannabis products from 20 unlicensed weed retailers in New York City. The study found harmful bacteria and pesticides in at least 16 of the products tested. Nearly 40% of the products failed at least one of the standard tests conducted on legal marijuana products, survey reports. A November survey conducted by the New York Medical Cannabis Industry Association tested 40 cannabis products from 20 unlicensed stores advertising marijuana. Consumers not only have to worry about the health concerns of potentially contaminated pot but also misleading packaging on THC products.
☆ The Progressive Paradox on Marijuana
  + stars: | 2022-11-22 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
New York state’s Cannabis Control Board voted Monday to approve its first 36 licenses to run marijuana dispensaries. It’s another big step toward legal pot sales, though the black market isn’t struggling to meet demand, as every nose in Manhattan can attest. Meantime, the paradox in progressive attitudes toward marijuana continues to grow like skunk weed. A study published last week in the journal Radiology finds that smokers who used marijuana (often in addition to tobacco), instead of tobacco alone, had higher rates of emphysema, airway inflammation, and other conditions. “There is a public perception that marijuana is safe and people think that it’s safer than cigarettes,” one radiologist told the Journal.
☆ See the first 36 groups that won coveted licenses to sell recreational cannabis in New York, including Housing Works and The Doe Fund
  + stars: | 2022-11-21 | by ( Jeremy Berke | ) www.businessinsider.com   time to read: +4 min
New York regulators announced the first 36 groups who'll be able to sell cannabis in the state. The 36 licensees include 28 groups of "justice-involved" individuals, who have been convicted of prior cannabis-related offenses in New York state and also have experience running profitable businesses. Wright has repeatedly said that cannabis sales would begin in New York before the end of the year. That means companies are unable to own both a cultivation facility and a retail store, unlike in some other states with legal cannabis markets. The regulations also outline different license types to be awarded in the future, including supply-side licenses, microbusinesses, and retail stores.
☆ New York cannabis farms have nowhere to sell a combined 300,000 pounds of weed, valued at $750 million, as delays continue for dispensaries in the state
  + stars: | 2022-11-19 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
New York cannabis farms are unsure of what to do with a combined 300,000 pounds of weed — valued at $750 million — without open dispensaries to sell the pot. Applicants for legal cannabis retail stores are still waiting to hear back from the state's Cannabis Control Board. An estimated 300,000 pounds of weed are becoming a growing concern for farmers who planted the crop in spring 2021 in hopes of cashing in on the drug's legalization in New York state. The lot is valued at about $750 million based on the average wholesale value of $2,500 per pound, according to Bloomberg. In May, Tremaine Wright, chair of the Cannabis Control Board, said the legal retail licensing process would begin over the summer and sales would begin in late 2022.
☆ New York's top cannabis regulator says most of the state's pot shops won't open until next year — but illegal sellers are already filling the gap
  + stars: | 2022-10-26 | by ( Jeremy Berke | ) www.businessinsider.com   time to read: +5 min
New York state will have at least one legal cannabis shop open in 2022, but the bulk of stores won't open until at least the middle of 2023, the state's top cannabis regulator said. Wright added that most legal shops probably wouldn't open until 2023 — about two years after the state legalized cannabis. AP Photo/Steven SenneBoth Krueger and Peoples-Stokes laid some blame for New York's cannabis stumbles at the feet of former Gov. Over half of cannabis sales in California are estimated to stem from the illegal market, though the state opened cannabis shops in 2018. New York's testing requirements pose a challengeNew York's legal cannabis market could face other hurdles.
☆ The ultimate guide to cannabis legalization in New York: The key dates to know, and which stocks could benefit the most.
  + stars: | 2022-08-19 | by ( Yeji Jesse Lee | Jeremy Berke | ) www.businessinsider.com   time to read: +8 min
In the Empire State, recreational marijuana sales could balloon to $7 billion once the market is fully established. The state's limited medical cannabis program has also seen expansion under the new adult-use bill. The list of qualifying medical conditions for medical cannabis was expanded, along with product options. The exceptions to this may be existing medical operators wishing to transition to adult-use and microbusinesses. Analysts say this makes sense as the industry matures and cannabis companies begin to think of themselves as consumer product companies.
☆ The first legal marijuana farmers in New York are growing for opening season, but still don't know where they're going to sell it
  + stars: | 2022-05-25 | by ( Ben Gilbert | ) www.businessinsider.com   time to read: +4 min
Legal sales of recreational marijuana are set to begin in New York City in late 2022. With just months to go, marijuana farmers still don't know how they're going to sell their crops. "Right now, that is one of the largest uncertainties," Hudson Hemp CEO Melany Dobson told Insider during a recent visit to the newly-converted marijuana farm in Hudson, New York. That retail licensing process, she said during a board meeting on May 19, is scheduled to begin sometime "this summer." The OCM is expected to offer an update on retail licensing in the coming weeks.
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