New York Medical Cannabis Business & Marijuana Legal News

NY marijuana trade group expels MedMen; company says it hasn’t been notified

The New York Medical Cannabis Industry Association (NYMCIA) has expelled California-based MedMen from its ranks, an organization spokesman confirmed to Marijuana Business Daily, but the company said it has yet to be notified of such a move. “(MedMen) didn’t resign, but then we threw them out,” said the spokesman, who requested anonymity. “They are no […]

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Marijuana firm Acreage reports increased revenue, red ink in Q4 and FY 2018

New York-based vertically integrated cannabis group Acreage Holdings reported its fourth-quarter revenue nearly quadrupled last year, while its net loss for the period widened sharply after the company spent heavily in 2018 on acquisitions to expand its footprint. Acreage reported revenue of $10.5 million for the fourth quarter ended Dec. 31 2018, up from $2.2 million […]

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‘Wide divide’ might delay New York vote on recreational marijuana until 2020

Gov. Andrew Cuomo said he’s “no longer confident” an agreement to legalize recreational marijuana in New York will be included in the state budget that’s due by April 1, raising the possibility the state Legislature won’t approve retail sales of cannabis this year. There are just too many details on legalization that must be agreed […]

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Luxury retailer Barneys New York to sell marijuana products in California flagship

Upscale specialty retailer Barneys New York announced plans to sell cannabis products and accessories in a new “luxury” head shop called The High End, the latest mainstream company to capitalize on the marijuana industry. The shop will open in March inside the Barneys flagship store in the tiny Southern California town of Beverly Hills. The […]

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MedMen asked to resign from New York medical marijuana trade group

California-based cannabis retailer MedMen may be forced out of a medical marijuana trade group in New York, where it holds one of 10 MMJ business permits. According to the Daily News, the New York Medical Cannabis Industry Association (NYMCIA) asked the company to resign from the association because of allegations made by former MedMen CFO […]

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Gov says it’s still possible for New York to legalize adult-use marijuana by April

New York Gov. Andrew Cuomo said he remains confident the Legislature can vote to legalize recreational cannabis as part of the state budget, which is due April 1. The optimistic comments came after Assembly Speaker Carl Heastie, a Democrat, questioned whether lawmakers would have enough time to resolve thorny questions surrounding legalization while also working […]

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NY Gov. Cuomo’s adult-use cannabis plan includes license restrictions, taxes

New York Gov. Andrew Cuomo’s proposal to legalize recreational marijuana includes some business permitting and market constraints as well as taxes, according to budget documents released this week. Legislation hasn’t been introduced yet. But Cuomo’s initial plan includes these general proposals, according to his budget briefing book and the Rochester Democrat & Chronicle: Separate licenses […]

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California marijuana company plans $200 million campus in New York

Ahead of New York’s anticipated legalization of recreational cannabis, San Diego-based Flora California Prime is laying the groundwork to build a $200 million, 1.25 million-square-foot cannabis cultivation, manufacturing and distribution facility on 47 acres of land in Buffalo. According to Buffalo TV station WKBW, construction on the facility could begin once state lawmakers approve legislation […]

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If New York OKs recreational marijuana, unions may become big business issue

A union official told the New York Post that labor hopes to unionize “many thousands of workers” if the state legalizes recreational cannabis – a move that could affect firms trying to break into the market. “I think there are mixed feelings over unionized labor similar to any other industry,” cannabis attorney Rob DiPisa of Cole […]

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