On November 3, 2021, New York’s Cannabis Control Board (the “CCB”) finalized and approved regulations for the Cannabinoid Hemp Program (the “Regulations”), which regulate all products sold in New York that contain cannabidiol, also known as “CBD”. The Regulations create the standards by which manufacturing, testing, packaging, and labeling of CBD products will be governed. …
cannabis-related enterprises
The Federal Prohibition on Cannabis May Be Coming to an End
On July 14, 2021, Senate Majority Leader Chuck Schumer, the lead sponsor, proposed the Cannabis Administration and Opportunities Act (the “Act”), which, if passed, will significantly change the landscape of the cannabis industry. Through the Act, the federal government attempts to join the 19 states, which have already legalized both medical and recreational-use marijuana, by …
The Carbon Footprint of New York’s Cannabis Industry
We have received many questions about what potential licensees can do to try gain an edge in the application process. One area in which license applicants can set themselves apart under the New York Marijuana Regulation and Taxation Act (the “Act”) is to demonstrate their “ability to increase climate resiliency and minimize or eliminate adverse …