Political Jockeying May Delay Sales of Adult-Use Cannabis in NYS
By EsqSocial Corporation 28/06/21
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 adult-use cannabis. The issuance of the governing regulations to allow for the sale of cannabis, including the issuance of various tiers of licenses, rests solely on the Cannabis Control Board (“CCB”) which will oversee the Office of Cannabis Management (“OCM”), an independent...
By: Lippes Mathias Wexler Friedman