News & Analysis as of

Marijuana Related Businesses State and Local Government Governor Cuomo

Burns & Levinson LLP

Cannabis Capital Markets in New York: M&A Deals and Capital Raises Are Skyrocketing

Burns & Levinson LLP on

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

Genova Burns LLC

Deal Hashed Out For Legal Cannabis in the Empire State

Genova Burns LLC on

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

Rivkin Radler LLP

New York State Appears Poised To Legalize Recreational Marijuana

Rivkin Radler LLP on

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

Rivkin Radler LLP

Social Equity Under Discussion in Marijuana Legislation

Rivkin Radler LLP on

The Cannabis Regulation and Taxation Act proposed by New York Gov. Andrew Cuomo, and the Marijuana Regulation and Taxation Act under consideration by the State Legislature, would mandate social and economic equity programs as...more

Burns & Levinson LLP

New York Legislature Optimistic to Legalize Recreational Cannabis in 2020

Burns & Levinson LLP on

New York is gearing up to become the 12th US state to legalize recreational cannabis, and the 2nd US state to do so by way of legislative measure (as opposed to voter initiative), as Gov. Andrew Cuomo vowed to legalize...more

Farrell Fritz, P.C.

NYS 2019-2020 Budget Does Not Provide for Recreational Marijuana Legalization

Farrell Fritz, P.C. on

The New York State budget, which took effect yesterday to start the new fiscal year on Monday, April 1, does not include a plan for the legalization of adult recreational marijuana use. Instead, Governor Cuomo and the New...more

Farrell Fritz, P.C.

Local Gov’t Takes a Hit Under Proposal to Legalize Marijuana

Farrell Fritz, P.C. on

A significant portion of Governor Andrew M. Cuomo’s original fiscal year 2020 budget proposal discusses in detail his idea for a “Cannabis Regulation and Taxation Act,” to be known colloquially as the “cannabis law.” ...more

Foster Garvey PC

New York: The (H) Empire State?

Foster Garvey PC on

New York Governor Andrew Cuomo’s Proposed Legislation on Legalization of Cannabis - Under the leadership of New York Governor Andrew M. Cuomo (whose party also controls the State legislature), the Empire State appears...more

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