New York Medical Cannabis Business & Marijuana Legal News

New York MMJ Regs: $200,000 Licensing Fee, Strain Limit

Medical cannabis companies hoping to operate in New York will have to jump through several regulatory hoops and pay a hefty sum under regulations issued by the state. Businesses seeking to become one of five companies that will be allowed to operate up to four dispensaries each must pay a $10,000 application fee. They also […]

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For Entrepreneurs, New York Medical Marijuana Program a Work in Progress

By John Schroyer The New York Compassionate Care Act, signed into law this past July, finally brings the state into the medical marijuana fold. The measure will create an infrastructure around the production and sale of cannabis-infused products, allowing entrepreneurs to tap a new MMJ market. But the program is limited from a business

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$20M to Start an MMJ Business in New York?

Medical marijuana in New York might prove to be a pretty wealthy club. Startup costs to open a dispensary and grow could run over $20 million, according to a recent report by The New York Times. And it might take upwards of $1 million just to navigate through the application process, estimated one cannabis lobbyist […]

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Businesses Laying Groundwork for New York MMJ Industry

Despite the fact that New York’s medical marijuana program is still in its infancy – and more than a year away from actually beginning to serve patients – marijuana cultivators are already getting ready to join the green rush. Businesses from as far away as the West Coast laying the groundwork to enter New York’s […]

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Legalization Bill on Tap in New York

A Democratic state senator in New York is planning to introduce a bill next year to legalize recreational marijuana, a la Colorado and Washington State, according to a report in The Wall Street Journal. Sen. Liz Krueger, D-Manhattan, tried to push a similar proposal in the 2014 legislative session but couldn’t get the backing needed […]

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NY Urged to Accelerate MMJ Program

Cannabis advocates and lawmakers in New York are urging the state to accelerate implementation of its medical marijuana program, saying officials should look into obtaining the drug from other MMJ markets. While the plan would lift business in some medical cannabis states, there’s a major hurdle with the idea: Under federal law it’s illegal to […]

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NY Legalizes MMJ, but Smoking Banned

Lawmakers in New York have reached a deal to legalize medical marijuana under a restrictive pilot program that bans smoking the plant but allows the sale of oils, edibles and vapor forms of the drug. Gov. Andrew Cuomo and legislative leaders struck a last-minute agreement on the bill Thursday, and the state Legislature passed the bill […]

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New York MMJ Bill Must Ban Smoking, Cuomo Says

New York Gov. Andrew Cuomo has rejected the latest medical marijuana bill proposed by lawmakers, saying he wants the measure to include a ban on smoking cannabis. If supporters of the bill agree to Cuomo’s terms, New York could join Minnesota as a medical marijuana state where patients are forbidden from ingesting the plant via […]

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New York Medical Marijuana Bill in Jeopardy

Efforts to legalize medical marijuana in New York via the legislature could be dead in the water. A key lawmaker in the Senate said on Monday that he doesn’t intend to move an MMJ bill out of his committee – a necessary step for the measure to advance this session. John DeFrancisco, chairman of the […]

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New York Medical Marijuana Bill Clears Assembly

New York’s Democratic-led Assembly has once again given the green light to a medical marijuana bill, putting pressure on the Senate to act before the current session wraps up late next month. The measure – called the Compassionate Care Act – passed 91-34 with bipartisan support. The Assembly has passed medical marijuana legislation four times […]

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