New York Medical Cannabis Business & Marijuana Legal News

New York group chosen to draft bill that would regulate recreational marijuana market

New York Gov. Andrew Cuomo appointed a task force to draft recreational marijuana legislation which, if eventually enacted, would position the state to have potentially one of the largest adult-use cannabis markets in the country. A 20-member group consisting of New York state government and law enforcement officials, advocates and academics has been appointed to draft […]

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How Trump’s trade battles are affecting the marijuana industry

The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]

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State marijuana reforms could spark tens of millions of dollars in business opportunities

Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets. The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions of dollars a year, providing a shot in the arm to MMJ retailers, […]

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New York adds medical cannabis as opioid substitute; sales boost expected

New York regulators on Thursday approved medical marijuana as an alternative to opioids, a move expected to spur sales significantly in what’s been a highly regulated market. The emergency rule announced by the State Department of Health is effective immediately. The state said temporary ID cards would be available for certified patients so they could […]

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Cannabis boom or bust: How US firms could be affected by Canada’s adult-use market

It’s crunch time for Canada’s cannabis companies as they hustle to prepare for the October launch of the country’s legal recreational market. South of the border, everyone tied to the legal marijuana scene is watching closely to gauge whether this historic milestone might translate into an economic boom for U.S. firms as well. Tremendous opportunities […]

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Week in Review: Cannabis banking confusion, medical marijuana vs. opioids in NY & MMJ defeat in US Tax Court

Landmark news comes from Canada this week as it becomes the first G-20 nation to legalize recreational cannabis. Read more about that here.

In the United States, cannabis banking reform advocates get mixed signals, New York plans to allow the use of medical marijuana in lieu of opioids, and U.S. Tax Court denies a Colorado MMJ company’s business deductions.

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New York plans to allow medical cannabis as opioid substitute

One of the more restrictive medical marijuana programs in the United States might soon allow the use of MMJ as an alternative to opioids, a move that could provide a much-needed boost to the state’s cannabis businesses. The New York health department plans to develop regulations giving people the choice of enrolling in the state’s […]

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Cannabis, hemp and CBD company mCig expands into California marijuana market

Jacksonville, Florida-based mCig announced it’s getting into the California marijuana market, with the acquisition of a 2.5-acre property in California City, north of Los Angeles. The diversified cannabis company will set up a 30,000-square-foot indoor marijuana cultivation operation, with the option to expand it to 50,000 square feet, according to a news release. Also, mCig […]

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New York medical cannabis company Etain expanding into California

One of New York state’s 10 medical cannabis companies is expanding into California with plans to enter the Golden State’s recreational market. Etain Health, one of New York’s first five MMJ business license winners in 2015, is collaborating with West Sacramento Management Group, a licensed California cannabis distributor, the Sacramento Business Journal reported. Hillary Peckham, Etain’s […]

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