Skip to content
Search AI Powered

Latest Stories

What Does Cuomo Resignation Mean for New York Cannabis?

What Does Cuomo Resignation Mean for New York Cannabis?

New York Governor Andrew Cuomo announced his resignation on August 10, 2021. The announcement came a week after the state’s attorney general filed a report concluding that Gov. Cuomo had sexually harassed almost a dozen women.

Cuomo’s replacement will be Lieutenant Governor Kathy Hochul. Not only will Hochul be the first female governor in New York history, but she could also have a significant impact on the early rollout of New York’s adult-use cannabis industry.


The Next Phase is Crucial for New York Cannabis

Since New York’s Marijuana Regulation and Taxation Act (MRTA) was signed into law on March 31, 2021, the next phase – selecting the five members of the state’s Cannabis Control Board (CCB) – has stalled under Gov. Cuomo.

The governor is supposed to appoint three members to the board, with two appointed by the Assembly and the Senate. The governor is also responsible for nominating the CCB’s chairperson.

“It is difficult to overstate the importance of the CCB’s chairperson. The chairperson will have an outsized influence on the direction of New York’s cannabis industry,” writes Harris Bricken Attorney Simon Malinowski.

Malinowski explains how the CCB’s chairperson will have the ability to prioritize applicants and create a sustainable licensing process. Obviously, New Yorkers want the right person for the job. Maybe it’s a blessing in disguise that Cuomo has remained so ambiguous on moving forward with the industry.

People are also waiting for the governor to nominate an executive director for the Office of Cannabis Management, another area where Cuomo has stalled.

Lt. Governor Hochul on the Cannabis Issue

Will the ascension of Lt. Governor Hochul prove to be a win for cannabis progress? She has previously commented on the issue, saying legalization is “long-overdue” and “we need the money.”

Leafly’s Bruce Walcott concisely sums up what we know so far, “Hochul’s position on marijuana legalization has, in the near past, mirrored that of Cuomo: Pragmatic but not passionate.”

Notably, Hochul has also been a political ally to Assembly Woman Crystal Peoples-Stokes, who is one of the sponsors of the MRTA.

In an interview with Cheddar in January 2021 Hochul expressed support for social equity initiatives and getting on the right side of history. "We've had an unjust system for so long, so we're really excited about getting this passed as part of the budget," she told Cheddar. "Once we do, we'll join the other states that are finally enlightened enough to realize that this should be legalized.”

Once Hochul does take office, it would not be a surprise if the cannabis ball starts rolling quickly. “There is so much political capital to be gained by swiftly nominating a chairperson for the CCB and getting the ball rolling on New York’s adult-use licensing process that it would be surprising if Lt. Governor Hochul delayed the process,” Malinowski writes.

Watch The Bluntness's Gregory Frye Interview New York State Senator Liz Kruger about cannabis:

Need a little more Bluntness in your life? Check out our YouTube page

More For You

Union Square Travel Agency: A Cannabis Store (USQTA)
Union Square Travel Agency: A Cannabis Store (USQTA)
Will Ellis

Union Square Travel Agency: Where Wanderlust Meets the Enchantment of Cannabis

Come fly with me, let's fly, let's fly away
If you can use some exotic weed
There's a new dispensary on Broadway
Come on, fly with me, we'll float down in the blue…

Frank Sinatra

Union Square Travel Agency: A Cannabis Store (USQTA) is poised to revolutionize the cannabis dispensary experience in New York City with its expansion to a new 2800-square-foot permanent space located at 835 Broadway at 13th St., one block south of Union Square. 

Keep ReadingShow less
Cannabis possession and cultivation now legal in Thailand, but there's catch.
Cannabis possession and cultivation now legal in Thailand, but there's catch.

Thailand Legalizes Cannabis, But…

June 9, 2022 -- It’s official. Thailand has become the first country in Asia to legalize the cultivation and possession of cannabis.

Thai cannabis lovers are celebrating and breathing a sigh of relief as the country’s Public Health Minister Anutin Charnvirakul plans to distribute one million cannabis seeds starting on Friday.

Keep ReadingShow less
On The Revel's Buyers Club Electrifies New York's Cannabis Industry - The Bluntness
On The Revel's Buyers Club Electrifies New York's Cannabis Industry - The Bluntness

Revelry Buyers' Club Electrifies New York's Cannabis Industry

The iconic Basilica Hudson was buzzing with energy and excitement on Thursday as hundreds, (maybe even thousands?) of cannabis industry leaders, retailers, growers, producers, and top brands from across the state converged for the third annual Revelry Buyers' Club. The exclusive Buyers Club, organized by On The Revel, has become a centerpiece event for New York's rapidly expanding legal cannabis market.

For all of New York's trials and tribulations in its legalization journey, an atmosphere of conviviality and entrepreneurial spirit filled the air as attendees connected over the latest products, forged new partnerships, and shared insights about the industry's challenges, opportunities and evolution. The diversity and dynamism of the crowd reflected the vibrant spectrum of New York's cannabis community itself.

Keep ReadingShow less
NY's Cannabis Industry Gets Some Tax Relief Thanks to Gov. Hochul
NY's Cannabis Industry Gets Some Tax Relief Thanks to Gov. Hochul

A New Dawn for NYC Cannabis Businesses As Gov. Hochul Provides Tax Relief

New York’s governor, Kathy Hochul, has recently signed groundbreaking legislation providing much-needed tax relief to New York City marijuana businesses, a significant move in a landscape where federal deductions under Internal Revenue Service (IRS) code 280E are currently off-limits. This decisive action comes after a five-month wait following the Senate and Assembly’s approval of the proposal, underscoring the state’s commitment to supporting the burgeoning cannabis industry, according to Marijuana Moment.

The legislation represents a pivotal step in addressing the unique tax challenges faced by cannabis businesses. Historically, these entities have been hamstrung by federal policies that severely limit their ability to make standard business deductions. The new law seeks to bridge this gap at the city level, following a similar state-level initiative included in last year's separate budget bill. However, New York City’s distinct tax laws remained unaffected by the earlier state-level change, necessitating this targeted intervention.

Keep ReadingShow less
What's Going on With New York's Legal Cannabis Rollout
What's Going on With New York's Legal Cannabis Rollout

What’s Going on with New York’s Legal Cannabis Roll Out? 

The New York cannabis industry is facing a complex and challenging landscape as it transitions from a medical marijuana program to a fully legal recreational market. Despite the recent legalization of adult-use cannabis in the state, there are still many issues to be addressed, including regulatory compliance, licensing, distribution, capital and equity concerns, and of course, litigation.

Recently, several lawsuits have been filed against the New York State Cannabis Control Board (CCB) and the Office of Cannabis Management (OCM), which are the agencies responsible for overseeing the state's cannabis industry.

Keep ReadingShow less