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3 Conditional Market Lessons for Future Cannabis Applicants

Although New York State legalized the possession and use of cannabis by individuals 21 and older in March of 2021 by passing the Marijuana Regulation and Taxation Act (MRTA), no legal adult-use sales have occurred. To date, state regulators from the Cannabis Control Board (CCB) and Office of Cannabi...
Jul 21, 2022 135 views
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Cryptocurrency and Its Potential Role in the Cannabis Industry

The 21st century has given us innovations we never thought were possible, and revolutions we never thought we would witness in our lifetimes. Two of the dominant industries of our modern world are cryptocurrency and cannabis, each edgy in their own right while demonstrating a rapidly evolving societ...
May 13, 2021 123 views
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Crystal Peoples-Stokes: Q&A About Cannabis Reform

We recently had the opportunity to discuss the future of cannabis in our region with New York State Assembly Majority Leader and Sponsor of the Marijuana Taxation and Regulation Act (MRTA), Crystal Peoples-Stokes. Q:  What do you see on the horizon for the cannabis industry in Western New York...
Oct 16, 2020 121 views
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Legislative Update: New York Opens its Conditional Adult-Use Retail Dispensary

In our last article, we covered the proposed Conditional Adult-Use Retail Dispensary (“CAURD”) regulations. During the public comment period, the Cannabis Control Board received more than 600 public comments. After addressing commenters’ concerns, the Board approved the final regul...
Oct 02, 2022 112 views
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Cuomo, COVID-19, and Cannabis Legalization

As part of the Governor’s State of the State address, Andrew Cuomo(D) announced another proposal for cannabis legalization which would create an equitable adult-use cannabis program this year. Gov. Cuomo has previously stated that legalizing cannabis could be a key way that NY makes an econom...
Jan 31, 2021 111 views
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Amidst COVID-19, Legalization may have to wait

Governor Andrew Cuomo was optimistic that NY lawmakers would pass adult-use cannabis legislation this year. Now, the COVID-19 pandemic threatens to derail the governor’s plan and delay legalization yet again. The simplest path to legalization is approving the plan as part of the Governor&rsqu...
Sep 26, 2020 109 views
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Federal Injunction Stalls Opening of Dispensaries for WNY CAURD Applicants

First off, what is an injunction? An injunction is an order from a Court that requires a person to do or not do something.  They generally come in two flavors: preliminary and permanent.  A “preliminary” injunction is used while a lawsuit is pending to preserve the status quo...
Jan 16, 2023 108 views
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Cuomo Says it’s Time to Legalize It

Governor Andrew Cuomo wants to legalize recreational marijuana in NYS. The news came during a speech given on Monday, where the governor outlined priorities for 2019. Also included in the speech were plans to put an end to the disparities in the criminal justice system that all too often affect Afri...
Sep 18, 2020 106 views
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Legislative Update

By Patrick J. Hines, Matthew Parker, and Fallon Martin of Hodgson Russ LLP In the last issue of Cannabuff, we discussed the landmark passage of the Marihuana Regulation and Taxation Act (“MRTA”). Since then, while there has been much excitement, there has not been much action to impleme...
Aug 26, 2021 106 views
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