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New Yorkers In A Bind As Top-Shelf Cannabis Supply Falls Short, Could Home Cultivation Help?
Friday, July 26, 2024 - 11:36am | 770As New York’s cannabis industry gains momentum, retailers and processors face a major challenge: a shortage of high-quality, locally grown cannabis flower. Despite the opening of numerous retail stores, which has significantly driven up demand, the supply has not kept pace, leaving many to...
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Licensed But Closed: New York's Cannabis Dream Faces Bureaucratic Nightmare
Tuesday, July 9, 2024 - 12:54pm | 776New York’s dream of a thriving legal cannabis market for many licensed retailers remains just that – a dream, as the gap between the issued licenses and operational dispensaries widens alarmingly. The New York Office of Cannabis Management (OCM) has issued a total of 1,117 licenses,...
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New Leaders Of NY Cannabis Reg Body And Recent Industry Appointments You Need To Know About
Wednesday, June 12, 2024 - 9:47pm | 1008As yet another Benzinga cannabis event is approaching this month, where top CEOs, executives and entrepreneurs will share their valuable business insights, let’s scroll through the latest industry appointments. Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your...
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Who Are New York's Cannabis Shoppers? Weedmaps Reveals Fresh Data Amid Legal Market Expansion
Wednesday, June 12, 2024 - 5:26pm | 791Weedmaps (NASDAQ:MAPS) (NASDAQ:MAPSW) has shared significant data on New York’s cannabis market for the first quarter of 2024. This data paints a vivid picture of who the cannabis shoppers in New York are and what they're purchasing, providing valuable insights into the market’s...
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New York Greenlights Home Cannabis Cultivation, Issues 105 New Licenses - What You Need To Know
Tuesday, June 11, 2024 - 9:28pm | 818New York State’s journey toward comprehensive cannabis legalization reached a new milestone as the Cannabis Control Board officially approved home cultivation rules for residents. This landmark decision allows New Yorkers 21 and older to grow their own weed at home, adhering to specific plant...
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NY Approves Farmers Markets, FL Voters Eye Legalization Amid Banking Reform Stall, CA Advances Lounge Bill & More
Tuesday, June 11, 2024 - 4:53pm | 997New York Lawmakers Approve Bill For Permanent Cannabis Farmers Markets New York legislators passed a bill to make cannabis farmers markets a permanent fixture. Sponsored by State Sen. Michelle Hinchey (D) and Assembly member Donna Lupardo (D), the bill aims to support growers by allowing licensed...
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Governor Kathy Hochul Hits Brakes On NYC Congestion Pricing: What It Means For Truckers, Rideshare Apps
Thursday, June 6, 2024 - 11:58am | 769New York City’s controversial plan to charge $15 for congestion pricing to enter Manhattan has been stalled. What Happened: New York Governor Kathy Hochul announced an indefinite pause on Wednesday. "Let's be real: a $15 charge may not mean a lot to someone who has the means, but it can...
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NY Cannabis Office Overhauled: Gov. Hochul Plans To 'Unclog The Licensing Bottleneck'
Monday, May 13, 2024 - 3:22pm | 565Since a scathing report about the woeful inadequacies of New York's legal cannabis program hit the airwaves Friday, which included a shakeup within the Office of Cannabis Management (OCM), Governor Kathy Hochul (D) announced a complete overhaul of the agency responsible for the repeatedly botched...
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To Flood Or Not To Flood NY's Retail Cannabis Market... That Is The Question: Industry Stakeholders Say Take It Slow
Monday, April 15, 2024 - 12:04pm | 836Licensing retail cannabis shops has moved at a snail’s pace over the past year, much to the chagrin of industry stakeholders and multi-state operators keen to cash in on New York’s huge and sure-to-be lucrative market. New York farmers who grew cannabis watched their crops grow moldy,...
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Earthquake In NYC? Yup. Social Media Lights Up As Buildings Shake From 4.7 Magnitude
Friday, April 5, 2024 - 11:14am | 690An earthquake that started in Tewksbury, New Jersey and rippled across the tri-state area had plenty of metropolitans nervous, with New York Governor Kathy Hochul issuing a swift response. What Happened: According to Earthquake.usgs.gov, the quake’s magnitude registered between 4.7 and 4.8 on...
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NY Shops Peddling Illegal Weed Could Lose Licenses To Sell Tobacco, Alcohol And Lottery Tickets Under New Bill
Thursday, April 4, 2024 - 1:28pm | 635New York lawmakers are looking to expand on last year's efforts from state authorities to crack down on illicit cannabis sales. One idea under consideration is a bill under which stores caught possessing or selling illicit cannabis would be stripped of their licenses to sell cigarettes, alcohol and...
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New York Gov Hochul Orders Review Of Cannabis Licensing Process After Numerous Setbacks
Monday, March 18, 2024 - 7:25am | 1059Governor Kathy Hochul (D) ordered a review of the state’s cannabis licensing process, nearly two months after saying she was fed up with the slow rollout of the marijuana market. Hochul asked officials to find a solution to the inefficient cannabis licensing scheme amid a growing number of...
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VA Gov. Vetoes Bill To End Cannabis Stigma In Childcare System, THC-Infused Hemp Products Swamp MA And More Updates
Tuesday, March 12, 2024 - 4:47pm | 648Virginia Governor’s Veto Raises Controversy Over Parental Rights And Cannabis In Virginia, a significant legislative effort to safeguard the parental rights of lawful cannabis users faced a setback. Despite bipartisan support and near-unanimous approval in the Senate, Governor Glenn Youngkin...
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Gov. Hochul And Legal Shop Owners Blast Social Media Companies Promoting Unlicensed Weed Stores In NY
Thursday, February 29, 2024 - 12:19pm | 633Gov. Kathy Hochul and licensed dispensary owners are raising their voices against major social media companies like Meta Platforms Inc (NASDAQ:META) and Alphabet Inc (NASDAQ:GOOG) for allegedly promoting unlicensed cannabis businesses. In a Wednesday press conference, they called for immediate...
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Are Social Media Giants Like Google & Meta Helping Illicit Pot Shops In New York? Some Cannabis Advocates Say Yes
Monday, February 26, 2024 - 5:34pm | 699The owners of legal cannabis shops in New York are asking authorities to look into social media companies and tech giants they claim are making it possible for their unlicensed competitors to promote their illicit businesses. To that end, they’re calling on Gov. Kathy Hochul to take action...