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In a noteworthy decision by the Supreme Court, New York County, Judge Cohen ruled in favor of the minority owners who sought a judicial partition and sale of the Flatiron Building, a Manhattan landmark. And, on March 22, 2023, this historical building sold for $190 million at a live auction after a competitive bidding process. …
The Wagoner Firm represents landlords and developers throughout New York on a host of issues and will continue to advocate for them and follow along as the landscape evolves. We would be happy to answer any questions or concerns you may have related to your real estate needs.
Last month, the Federal Trade Commission (“FTC”) proposed a new rule that would ban nearly all noncompete agreements.
This past December, The Wagoner Team facilitated the successful acquisition of Delmar’s Upstate Wine & Spirits for our clients, Dave Hostig and Rob Wentworth. As part of the closing, The Wagoner Team was able to procure an expedited approval of a license from the New York State Liquor Authority, allowing Upstate Wine and Spirits to …
We had a fun time last Thursday evening touring Ironwood Cannabis Farm in Saratoga. The Capital District Regional Committee of the New York Cannabis Growers and Processors Association hosted an event to educate current and prospective cannabis cultivators on the best outdoor growing practices in New York and requirements issued by Office of Cannabis Management …
On June 22, 2022, Governor Kathy Hochul announced and appointed Social Equity Impact Ventures, LLC, a premier minority-led investment team, to sponsor and manage the $200 million New York Social Equity Cannabis Investment Fund. The investment fund is a public-private limited partnership that will be formed to position social equity entrepreneurs to take part in …
On, June 23, 2022, The Cannabis Control Board held a scheduled meeting. During the meeting, Damian Fagon was appointed as Chief Equity Officer. Damian has an experienced background in industrial hemp, cannabis, economic development, and agriculture. His presence has helped scale cannabis and industrial hemp cultivation operations in New York and the Caribbean. Additionally, the …
In April 2022, The Wagoner Firm’s Mark J. Wagner, Jr. was chosen by the New York Cannabis Growers and Processors Association to serve as Chair of its Capital Region Committee. Mark was selected from a competitive group of applicants based on his background and experience with medical marijuana licensing and applications, the Marihuana Regulation & …
New York’s 2022-2023 budget (the “Budget”) was signed into law by Governor Hochul on April 9th, and it contains a big win for the cannabis industry. The Budget included an amendment that decoupled New York’s tax code from Internal Revenue Code (“IRC”) § 280E, a federal tax law that prevents cannabis businesses from deducting business …
On April 1, 2022, the House of Representatives voted 220-204 in favor of a bill that would decriminalize marijuana federally. The Marijuana Opportunity Reinvestment and Expungement Act (the “MORE Act”), sponsored by New York’s Representative Jerry Nadler, received bipartisan support in the House of Representatives. Federal Legislators from both sides of the aisle voted to …
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