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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 …
On April 14, Governor Hochul announced the Cannabis Control Board’s approval of 52 Adult-use Cannabis Conditional Cultivator Licenses, the first such licenses granted in New York State. Congratulations to all of those who received licenses, including our very own Capital Region-based farmers: Phil Spinelli Farrier Service LLC, Aeterna Cannabis LLC, Claverack Farm LLC, Fat Nell …
On Wednesday, February 16, 2022, the New York State Assembly and Senate passed a bill that provides temporary and conditional marijuana cultivator and processor licenses to existing businesses. The licenses will allow for a timely establishment of New York’s adult-use cannabis market by ensuring dispensaries have a product to sell. Hemp growers who are in …
As COVID-19 hits its third wave of the pandemic due to the Omicron variant, it is critical for employers to remain compliant with their obligations under the New York COVID-19 Sick Leave Law (the “Law”). The Law is designed to protect employees who are subject to a mandatory or precautionary order of quarantine issued by …
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