Massachusetts state lawmakers this week said they’re not likely to deal with intoxicating hemp goods during this year’s legislative session, meaning the issue won’t change, from a legal perspective, at least until lawmakers reconvene in Boston next year. After a hearing this week of the legislature’s Joint Committees on Agriculture …
Tag: Northeast
New York poised to reach $200 million in cannabis sales in June
Despite the rocky start, New York Gov. Kathy Hochul and the state’s Office of Cannabis Management project that total cannabis sales will exceed $200 million in early June. In May alone, sales surged by $4.4 million, reaching a total of $46.2 million. The last week of the month recorded a …
New York cannabis companies piggyback on established players’ names, brands
As the licensed New York cannabis market continues to ramp up, it appears that a few of the entrepreneurs taking part have also been trying to take advantage of the successes earned by brands from other states. Case in point: One of the conditional adult use retail dispensary permit winners …
Report: New York’s cannabis regulators raised alarms about social equity fund
Many issues – from slow approval of licenses to a prolific illicit market – have plagued New York’s adult-use cannabis program since the Marihuana Regulation and Taxation Act was signed into law in March 2021. But a more universal challenge also stifled development of the industry: lack of access to …