The New York state Senate passed a bill that would provide hemp farmers a conditional license to grow, process and distribute marijuana flower products.
Sen. Michelle Hinchey, sponsor of Senate Bill S8084A, told the Daily Freeman in Kingston that the legislation would accelerate the recreational marijuana launch as well as bring additional diversity into the state’s adult-use program.
The Senate passed the measure by a 50-13 vote on Tuesday. It now goes to the New York State Assembly.
Hinchey also noted that the bill would help advance the adult-use program’s social equity goals by establishing mentorship programs that bring more minority farmers into the industry.
Are you a social equity cannabis license holder or applicant?
The MJBizCon team is now accepting 2023 Social Equity Scholarship Program applications.
The mission of this program is to provide social equity cannabis license holders or applicants access to the #1 global cannabis industry conference + tradeshow in Las Vegas.
Who can apply?
- Students currently enrolled in a cannabis-related program at an accredited university or college.
- Cannabis executives at licensed social equity cultivation, extraction/processing, retail, manufacturing/brand businesses (or awaiting application approval).
Don’t miss out on this potentially life-changing opportunity.
Apply to attend MJBizCon today – The application period will close on July 24!
New York enacted a recreational marijuana law last year and is in the process of establishing rules and regulations.
It’s unclear when the projected $2 billion-a-year industry will launch.
