Stay updated with breaking news from Tremaine Wright. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Gov. Kathy Hochul signed legislation Monday that will allow state-licensed hemp growers to apply for provisional licenses to begin cultivating recreational marijuana.
While state regulators define who is eligible to receive an official sales license, many are encouraged to trade taking advantage of the legal vacuum.
Leaders in New York State government are working to advance new medical and recreational-use cannabis rules. Meantime, the state is holding several “cannabis conversation” events to answer questions about how the drug will be regulated.
The bill aims to facilitate equity and “timely establishment” of adult-use cannabis sales. Cannabis regulators also released proposed medical cannabis rules.
As the state works to launch its recreational marijuana market, some businesses have already started gifting it, citing a line in the law that allows "transferring, without compensation."