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When New York became the 15th state to legalize recreational cannabis on March 31, 2021, it opened one of the largest cannabis markets globally. Not surprisingly, the state’s capital raises and M&A activity in the cannabis...more
New York’s passage of the Marijuana Regulation and Tax Act (“MRTA”) on March 31, 2021, legalized adult-use cannabis in New York State. However, the MRTA only created a framework for the sale, regulation and taxation of...more
On March 31, Governor Andrew Cuomo signed into law the New York State Marijuana Regulation and Taxation Act (“MRTA”) which legalized recreational use of marijuana for adults over the age of 21. Although retail sales of...more
The Marijuana Regulation & Taxation Act (the “Act”) was signed into law by Governor Andrew Cuomo on March 31, 2021. Not only does the Act create the foundation for the adult-use marijuana program, it contains sweeping changes...more
On March 31, 2021, New York joined 15 other states (including New Jersey) that have legalized marijuana for recreational use when Gov. Andrew Cuomo signed the New York State Marijuana Regulation and Taxation Act (MRTA). ...more
On March 31, 2021, New York Governor Andrew Cuomo signed the Marihuana Regulation and Taxation Act (the “MRTA”) into law, making New York the latest state to legalize recreational marijuana. The MRTA allows adults aged 21...more
For New York employers, the new state law that legalizes cannabis also modifies the New York Labor Law (NYLL) to impose restrictions on employers and add protections for employees concerning the recreational use of...more
On March 31, 2021, Governor Cuomo signed into law the Cannabis/Marijuana Regulation and Taxation Act (the “Act”), which provides a framework for the state-sanctioned sale and use of cannabis for adult-use purposes (commonly...more
On March 31, 2021, New York Governor Andrew Cuomo signed into law the Marihuana Regulation and Taxation Act (MRTA), which legalizes the adult recreational use of marijuana and revises Section 201-d of the New York Labor Law....more
Recreational use of cannabis or marijuana is now legal in New York State. On March 31, Governor Cuomo signed into law the Marihuana Regulation and Taxation Act. The legalization of cannabis will have significant short and...more
After years of failed attempts, on March 31, 2021, Governor Cuomo signed into law the Marijuana Regulation and Taxation Act (“MRTA”) legalizing adult use cannabis for adults over the age of 21. The MRTA provides for a...more
Effective March 31, 2021, Governor Cuomo legalized adult-use of marijuana and provided for the licensure of producers, distributors, and retailers of marijuana throughout New York State. Under the Marijuana Regulation and...more
On March 31, 2021, Governor Andrew Cuomo signed the Cannabis/Marijuana Regulation and Taxation Act (the “Act”), which legalizes recreational cannabis use for adults aged 21 and over. The Act provides the framework for the...more
On March 31, 2021, Governor Andrew Cuomo signed into law the New York State Marijuana Regulation and Taxation Act (“MRTA”), which legalized recreational use of marijuana for adults over the age of 21. Although retail sales of...more
On March 31, 2021, New York Governor Andrew Cuomo signed the New York State Cannabis/Marijuana Regulation & Taxation Act (the “Act”), S.854-A/A.1248-A, legalizing adult-use cannabis for individuals 21 and older and creating a...more
After years of debate, New York is poised to join a growing number of states, including neighboring New Jersey, in legalizing adult-use cannabis. Over the weekend, Governor Andrew Cuomo and legislative leaders announced an...more
After years of fits and starts, New York has passed legislation to legalize recreational marijuana under the Marihuana Regulation and Taxation Act (S854-A) which Governor Cuomo intends to sign. The legalization aspect of the...more
New York will soon join its neighbor New Jersey among the most recent states to legalize adult-use cannabis. On Tuesday, March 30, 2021, the New York State Senate and Assembly voted overwhelmingly to legalize the...more
New York appears to be on deck as the next state to join the list of cannabis-friendly environments in which these businesses might have a chance to thrive. The deal recently struck between Gov. Andrew M. Cuomo and lawmakers...more
New York stands on the verge of becoming the latest state to legalize recreational use of cannabis for adults after lawmakers and Gov. Andrew Cuomo announced agreement on legislation over the weekend. The newly named New York...more
Legalization of recreational, adult-use marijuana in New York state has never been more likely. At the start of 2021, Governor Andrew Cuomo introduced his plan – The Cannabis Regulation and Tax Act (CRTA) – and positioned...more
This week, Governor Cuomo took another step towards legalizing adult use marijuana in New York state by releasing an amended version of his recreational marijuana proposal. The amended proposal comes one week before...more
On January 6, 2021, Governor Cuomo announced his latest proposal for the legalization of recreational marijuana in New York. The proposal, outlined generally, consists of: 1.The legalization of the recreational use of...more
Governor Cuomo has announced a proposal to legalize cannabis in New York state, designed to create regulatory oversight of adult recreational use and generate an additional source of tax revenue. The Governor’s proposal...more
New York Gov. Andrew M. Cuomo announced during his Jan. 6, 2021, State of the State Address a proposal to legalize and create a comprehensive system to oversee and regulate cannabis in New York state. The plan would establish...more