With less than 12 hours to spare before the clock switched over to 2025, New York Gov. Kathy Hochul announced that the state’s legal cannabis inudstry surpassed the $1 billion sales mark since its launch just over two years ago, driven by 275 operational adult-use dispensaries. Not only that, but the number of legal marijuana […]
A New York state judge has ruled that hemp businesses can remove signs posted outside their businesses by law enforcement agencies that describe them as “illicit cannabis” stores. Supreme Court Justice Arthur Engoron issued the temporary restraining order last week to two Manhattan hemp stores that sought to remove the signs proclaiming illegal activity without […]
News from: Tilt Holdings, Agrify, Massachusetts, Dan Bilzerian and more. The Daily Hit is a recap of the top financial news stories for Thursday, November 14, 2024. On the Site Tilt Holdings to review strategic alternatives for its plant-touching business Revenue fell in the quarter due to shipping delays for its Jupiter brand. Read more […]
A trade group representing small cannabis farmers in New York are suing state regulators for establishing a commercial program and rollout they allege set them up for failure. The complaint, filed by the Cannabis Farmers Alliance in Onondaga County Supreme Court, claims New York’s Office of Cannabis Management and Cannabis Control Board created a marketplace […]
The New York cannabis industry is finally starting to gain momentum, but some licensees are already ready to get out. The reasons for exist run the gamut from founder fatigue after two years of struggling to desire to just be a license flipper. But no matter the reason, they all run up against the TPI […]
New York marijuana regulators on Thursday gave the thumbs up to another 141 new adult-use cannabis company permits, and for the first time since 2015 added a new trio of vertically integrated licenses to the medical side of the industry, on top of the existing nine “registered organizations.” The move is another significant expansion of […]
54.7% – Percentage of adult-use licenses awarded to social and economic equity applicants in New York When New York legislators passed the bill to create an adult-use cannabis market, a key provision of the law was to incentivize participation by people who qualified as social and economic equity (SEE) applicants, with a goal of half […]
