New York Medical Cannabis Business & Marijuana Legal News


New York adult-use marijuana legalization appears stalled

Recreational cannabis legalization in New York likely will be shelved for now because of the coronavirus crisis, but experts expect the legislation to be back in play later this year. New York Gov. Andrew Cuomo said Tuesday the state isn’t likely to legalize rec cannabis as part of its budget bill because it’s “too much, […]

Read More

US marijuana firm Columbia Care to list on Canadian Securities Exchange

Columbia Care, a New York-based multistate marijuana operator, said it will start trading on the Canadian Securities Exchange on Tuesday. The company also said it will maintain its listing on Toronto’s NEO exchange, where it trades as CCHW. Columbia Care will have the same ticker symbol on the CSE. The dual listing is a different approach […]

Read More

Poll: COVID-19’s cannabis legalization impact?

The nationwide coronavirus outbreak could hamper cannabis legalization efforts along the East Coast and elsewhere, raising further questions about the launch of lucrative new adult-use and medical markets in New York and other states. Coronavirus already has caused a number of state legislatures to temporarily shut down, including ones on the East Coast that were […]

Read More

New Jersey governor deems medical cannabis dispensaries ‘essential’

New Jersey became the latest state to classify medical cannabis dispensaries as “essential” businesses when the governor ordered all residents to stay at home amid the coronavirus pandemic. Gov. Phil Murphy issued the stay-at-home order on Saturday, saying residents could venture out for necessary travel, NJ.com reported. Murphy’s declaration also ordered nonessential retail businesses in […]

Read More

Marijuana industry eyes impact from more stay-at-home orders

The governor of Illinois on Friday followed his counterparts in California and New York by issuing a statewide stay-at-home order in response to the growing coronavirus crisis. And it appears that New Jersey and Connecticut may take similar steps, which could leave marijuana businesses in all of those states scrambling to figure out how – […]

Read More

Marijuana businesses pivot quickly to meet demand for home deliveries amid coronavirus worries

Cannabis companies that provide delivery services – including delivery operators and retailers – are seeing a deluge of orders as customers stock up on marijuana products in the wake of coronavirus pandemic concerns. At the same time, these companies are putting into place unprecedented measures to ensure their delivery drivers and customers stay healthy, ranging […]

Read More

NY-based cannabis firm iAnthus takes group to court in Canada

Vertically integrated multistate marijuana operator iAnthus Capital Holdings is taking legal action against an international investor group that claimed the New York company has defaulted on a $25 million convertible debt deal. The legal action, filed in a court in Ontario, Canada, centers around claims that iAnthus has not kept to the terms of a […]

Read More

Hoping to legalize adult-use cannabis, New York gov plans visits to rec states

New York Gov. Andrew Cuomo said he will visit several markets that have legalized recreational marijuana in an effort to help develop a plan to get similar legislation passed in his state. “I’m going to visit Massachusetts, Illinois and California or Colorado,” Cuomo told Watertown TV station WWYN. New York is such an important market […]

Read More

Chart: New York’s medical marijuana program grows, but future business opportunity hinges on adult-use legalization

While New York’s medical cannabis patient registry increased by more than 23,000 in 2019, growth has slowed significantly because of various market factors leading to a low consumer participation rate. Less than 1% of New York residents have signed on as medical marijuana patients, due in part to restrictions on cannabis product forms and limited […]

Read More

Acreage secures $100 million in debt to fund marijuana growth

Acreage Holdings, a New York-based multistate operator, on Friday said it had secured a credit facility of up to $100 million with an institutional lender. In addition, the company has agreed to a separate $50 million loan as collateral to the credit facility. Part of that $50 million is funded by Acreage CEO Kevin Murphy. The […]

Read More