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Friday, June 21, 2024

New York State’s marijuana industry makes substantial progress: ‘A momentous day

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Friday‌ marked a ​significant milestone ‍for the ⁤Cannabis Control Board of New York State. For the first time in history,​ they have granted permanent non-conditional licenses, propelling the industry into a new era.

A ⁢total of​ 38 licenses were issued for ⁢retail dispensaries, while‍ 26 were given to⁣ “microbusinesses”. The remaining licenses were‍ distributed among ‍entities involved in cultivation, distribution, and processing of cannabis.

Moreover, the control board has also ‌green-lighted‌ regulations for ⁢home-grown cannabis.

Under these new ‌rules, New Yorkers ‍aged‌ 21 ⁣and above will have the liberty to cultivate up to six cannabis plants at home. This includes three ⁤mature and three immature plants. ‍However, the limit per household is capped at 12 plants, comprising six mature and six immature ones. In terms of‍ yield, you can have up to five pounds ‍of⁤ cannabis flower from ‍home-grown plants or an‍ equivalent weight in cannabis concentrate.

These newly approved regulations will be open to public​ commentary⁤ and⁤ are⁣ expected‌ to ​be implemented within​ the next 60 days.‍

Joe‌ Schafer, a legal expert ​at⁢ Lippes Mathias LLP and ⁢co-head of its cannabis practice team, ‍was a guest⁣ on 7 Voices⁤ on Friday. He offered valuable insights into the implications⁣ of these numbers and ​new‌ rules.

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Alejandro Mendoza
Alejandro Mendoza
Alejandro Mendoza is a dedicated journalist, known for his in-depth research and commitment to truth. A graduate of Columbia University's School of Journalism, he specializes in revealing and reporting on significant local issues.
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