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What is the state of legalization in America? Specifically we check in with the state of New York to look at a late comer to cannabis legalization. We chat with attorney Jeffrey Hoffman who has a particular interest in social and economic equity. We investigate how the state will also issue licenses for cultivating , the creation of cannabis delivery , and dispensaries as well as federal legalization and how it affects states across the nation.
But before we do that I want you to know I’m attending Tony P’s networking evening event this Tuesday May 10th in Chicago. So if you’re in the area I can get you 25% discount on a ticket to attend! Use the SECRET code here: Pat25 and join me for networking, inspiration and smoking good time! Find the links in the show notes at CannabisAdvocatePodcast.com If you want to learn more about it, reach out to me and text or message me on LinkedIn or Instagram.
New York Cannabis Legalization
We talked about how New York regulators have voted to grant conditional marijuana cultivation licenses to a number of hemp businesses as one of the first steps toward ensuring an adequate supply of cannabis when the state’s adult-use market in 2022. The Cannabis Control Board (CCB) approved revised regulations to allow adult use. Also the law creates retail licenses, paving the way for brick-and-mortar dispensaries where people can purchase cannabis products. Localities can opt out of allowing dispensaries. Consumption at dispensaries will be limited to businesses that have an on-site consumption license.
The state will also issue licenses for the creation of cannabis delivery businesses, which means people will be able to get the drug delivered to their homes, something localities would not be able to block.
Supposedly upwards of 200 “justice involved” applicants to receive the priority licenses under the proposal, with retailers potentially coming online by the year’s end.
Lastly we spoke about federal legalization and the importance of the 280E reform and the ability of businesses to have business deductions & COGs, IRS compliance, and overall accounting strategies.
Jeffrey is certainly bullish on legalization in New York but to be honest I’ve met some skeptics regarding the legislation and eventual regulation. Time will tell
Attend Tony Ps Networking Event
Next Tuesday, May 10th in Chicago Il at Azul
- Click here https://www.eventbrite.com/e/tony-ps-cannabis-industry-networking-event-at-azul-tuesday-may-10th-tickets-306149650847
- Use the SECRET code here: Pat25
How to Find Jeffrey Hoffman
Follow the links below to connect:
- Email: info@420jurist.com
- Website: www.420jurist.com
- LinkedIn: https://www.linkedin.com/in/heavyj/
- (646) 692-4083
The Cannabis Advocate Podcast
The Cannabis Advocate podcast advocates for businesses in the cannabis industry and the explores the unique challenges they face. Despite hurdles in legislation, regulation, and culture, there are tremendous opportunities for growers, manufacturers and retail sellers of cannabis products. Many of these issues are unique to the cannabis industry, This podcast speaks to these common concerns and shares stories of success.
This is a production of Habanero Media. https://habaneromedia.net
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