New York Medical Cannabis Business & Marijuana Legal News

Acreage Holdings inks $72 million cannabis real estate deal

Acreage Holdings, a multistate marijuana operator, signed a sale-leaseback deal valued at more than $72 million for cannabis facilities in several states with GreenAcreage Real Estate, a real estate investment trust (REIT) that focuses on the MJ space. New York-based Acreage Holdings said on Friday it already closed deals with GreenAcreage for facilities in Florida, […]

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Week in Review: Mexico moves toward recreational cannabis legalization, vape firm Pax cuts jobs, Northeast govs huddle & more

Mexico prepares to become the most populous nation in the world to legalize adult-use marijuana, vape company Pax cuts 25% of its workforce, governors of Northeast states consider working together to legalize recreational MJ – and more of the week’s top cannabis business news. Mexico prepares to legalize recreational cannabis Mexico’s Senate is ready to receive a […]

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Experts weigh in on prospects for regional cannabis coordination among US Northeast governors

Democratic governors from five states in the Northeast last week agreed on core principles for a legal recreational marijuana industry across the region. The idea is that there would be uniform standards for market regulation, including: Licensing. Taxation. Minority participation. Small-business participation. THC potency. But how realistic is it that the Northeast could, in effect, become […]

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BNY Mellon’s cannabis-limiting move highlights inconsistencies in banking but could help in the long run, sources say

Just as potential marijuana banking progress appears on the horizon at the federal level due to the U.S. House of Representatives’ passage of the SAFE Banking Act, one major bank has stopped clearing a significant chunk of cannabis-related trades. The move by New York-based BNY Mellon’s Pershing unit immediately dashed some of the optimism from […]

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Northeast governors meet to create regional adult-use cannabis plan

Governors from New York, New Jersey, Pennsylvania and Connecticut are co-hosting a cannabis summit Thursday with legislative leaders and policymakers in an unprecedented move to coordinate recreational marijuana legalization efforts. The governors and policymakers also will be discussing the vaping crisis. The four Democratic governors – Andrew Cuomo of New York, Phil Murphy of New […]

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Pennsylvania governor says he’s ready to legalize recreational cannabis

Pennsylvania Gov. Tom Wolf is now in favor of legalizing marijuana for recreational use, which, if his efforts are successful, could potentially create a $1 billion-plus adult-use market in the state of 12 million people. Wolf says that that most of the state’s residents support it. He added that the state has a wealth of […]

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NY governor wants Northeast region to work together on recreational marijuana, vaping

New York Gov. Andrew Cuomo is urging neighboring states to work together on future recreational cannabis policies – a move that could potentially create a more level playing field for marijuana businesses in adjoining states if adult use is approved. The Democratic governor also wants states near New York to work together on vaping regulations. […]

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Week in Review: Vape crisis continues, federal cannabis bill moves, Utah licenses & more

State regulators from across the country react to the vaping crisis, a federal marijuana banking bill sees movement, Utah ups its medical cannabis licensing opportunities – and more of the week’s top marijuana business news. States’ responses to vaping crisis State regulators nationwide have begun responding in earnest to the vaping illness epidemic, which now stands […]

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How state cannabis regulatory agencies across the U.S. have responded to the vaping health crisis

State regulators overseeing the legal marijuana industry are adopting a wait-and-see stance as the industry determines what exactly is causing the health problems related to vaping, although California has come down more decisively against vaping of all forms. For the most part, regulators in more than a half dozen states are reacting cautiously while public […]

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New York move to ban flavored e-cigs spurs cannabis vape concerns

New York Gov. Andrew Cuomo is pushing to enact a statewide ban on the sale of flavored e-cigarettes amid growing health concerns connected to nicotine and marijuana vaping. New York would be the second state after Michigan to take such action. Cuomo announced Sunday that the state health commissioner would be making a recommendation this […]

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New York requiring vaping warnings for medical cannabis stores

New York state plans to require health warning signs in medical marijuana dispensaries that sell vaping devices after hundreds of cases of lung illnesses believed to be related to the practice. According to Gov. Andrew Cuomo, the state also will issue subpoenas to three companies that sell a vaping liquid additive that New York health officials […]

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