March 31, 2022 will mark the first anniversary of former Gov.
While we still don’t have draft or final regulations, applications, or a definitive timetable, plenty of new information has come out since legalization.
All five members of the CCB, which is in charge of the creation and implementation of the OCM, have been appointed, as has the OCM’s Executive Director and Chief Equity Officer.
While the transaction did not close for reasons unrelated to the OCM, it’s useful to know that it’s now possible to get deals done in New York.
Further details are needed to understand how and when social equity licensees will be able to access these funds.
New York’s cannabinoid hemp regulations were adopted on November 24, 2021, and the Department of Agriculture and Markets is now accepting applications for those interested in growing hemp.
The MRTA provided municipalities until December 31, 2021 to opt out of permitting retail dispensaries and on-site consumption lounges, or both.
The OCM aims to issue draft regulations in the first quarter of 2022, with a two-month public comment period.
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