New York Reaches Agreement To Legalize Adult-Use Cannabis

According to Governor Cuomo’s press release, the Governor, “Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie announced an agreement on legislation (S.854-A/A.1248-A) to legalize adult-use cannabis.

The bill would establish the Office of Cannabis Management to implement a comprehensive regulatory framework that would cover medical, adult-use and cannabinoid hemp. The bill would also expand New York State's existing medical marijuana and cannabinoid hemp programs. The legislation provides licensing for marijuana producers, distributors, retailers, and other actors in the cannabis market, and creates a social and economic equity program to assist individuals disproportionately impacted by cannabis enforcement that want to participate in the industry.”  

The New York State Cannabis/Marijuana Regulation & Taxation Act address the following issues:

• Establish the Office of Cannabis Management

• Medical Cannabis

• Adult-Use Cannabis

• Cannabinoid Hemp

• Adult-Use Cannabis Tax Revenue

• Municipal Opt-Out

• Traffic Safety

• Personal Possession and Home Cultivation

• Criminal Justice and Record Expungement

• Protections for the Use of Cannabis and Workplace Safety

• Public Health and Education Campaign

Lanton Law is a national boutique law and lobbying firm that focuses on healthcare/life sciences and technology. Specifically our cannabis practice helps all supply chain entities from growers, financiers, suppliers, dispensers to ancillary services.

If you are an industry stakeholder with questions about the current landscape or if you would like to discuss how your organization’s strategic initiatives might be impacted by either Congress, regulatory agencies or legal decisions,contact us today.