Monday, January 30, 2023
Cannabis News Daily
No Result
View All Result
  • Home
  • Cannabis News
  • Medical Marijuana
  • Legalization
  • Cannabis Business
  • Cannabis Laws
  • Cannabis Retail
No Result
View All Result
  • Home
  • Cannabis News
  • Medical Marijuana
  • Legalization
  • Cannabis Business
  • Cannabis Laws
  • Cannabis Retail
No Result
View All Result
Cannabis News Daily
No Result
View All Result
Home Cannabis Business

Industry reps concerned slow rollout of state cannabis regulations could mean New York misses out

cannabisnews by cannabisnews
July 15, 2021
in Cannabis Business
0
Industry reps concerned slow rollout of state cannabis regulations could mean New York misses out
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


A group of Democrats in the U.S. Senate, including U.S. Sen. Chuck Schumer, unveiled draft legislation Wednesday that if passed could complicate things in New York.

RELATED POSTS

Will SAFE Banking Act help?

CannaBiz: What it takes to get into the cannabis industry

BUFFALO, N.Y. — New York State lawmakers gave recreational cannabis the “green” light over three months ago, but since then industry leaders say, little has happened.

The state launched its Office of Cannabis Management website in early April. However, an executive director for the agency and appointments to its cannabis review board have not been selected.

With federal discussions to legalize weed now on the table, Kaelen Castetter, the Vice-Chair of the State Cannabis Growers and Processors Association, told 2 On Your Side he’s worried that New York could fall behind if licensing and regulation aren’t finalized soon. Without such guidance, New York growers can’t start their businesses or build up the industry to export across the country.

“If we just turn into an import state, we’re not really helping the entrepreneurs in New York. Really what you’re doing is letting a massive opportunity slip right through the cracks,” Castetter said.

The main concern for New York growers is that draft legislation obtained by NBC News would remove cannabis from the list of federally controlled substances and allow interstate commerce. That would mean growers from Colorado for example could sell their products in New York and undercut local growers.

Growing the industry amongst new entrepreneurs was a major part of the pitch from Governor Cuomo and other lawmakers such as Assembly Majority Leader Crystal Peoples-Stokes.

“They’ve laid out very clearly that they want small entrepreneurs, small business owners to benefit from this, so that means we want to create the products in New York State. We want to empower small farmers, entrepreneurs, and communities that have been devastated by the war on drugs,” Castetter said.

Fortunately, on Wednesday, U.S. Senator Chuck Schumer said Democrats do not have the votes to pass federal legislation quite yet.

Kate Hruby a lead cannabis policy analyst at the Castetter Group [which Kaelen is Co-Founder of] said even such discussions could spur state lawmakers to act and potentially make things more favorable for New York growers. The industry has largely been opposed to the state’s THC by volume tax for example.

“The consumer will probably if the federal law passes and state law doesn’t change, the consumer will likely see higher prices at a dispensary for products,” Hruby said.

Higher prices would likely discourage sales in New York and therefore decrease the tax revenue that the state will be depending on. The Governor’s Office hopes the state cannabis industry will generate $245 million dollars by 2024.



Source link

ShareTweetPin
cannabisnews

cannabisnews

Related Posts

Will SAFE Banking Act help?

Will SAFE Banking Act help?

by cannabisnews
March 26, 2022
0

Weed dispensaries targeted by robbers: Will SAFE Banking Act help?News Sports Entertainment Life Money Tech Travel OpinionA bill that...

CannaBiz: What it takes to get into the cannabis industry

CannaBiz: What it takes to get into the cannabis industry

by cannabisnews
March 26, 2022
0

“So we were actually, I think, the fourth people to apply for a retail license. I was very much...

Warily, Tribes Prepare for Cannabis Ventures in New Mexico | New Mexico News

Warily, Tribes Prepare for Cannabis Ventures in New Mexico | New Mexico News

by cannabisnews
March 26, 2022
0

By MORGAN LEE, Associated PressSANTA FE, N.M. (AP) — Two tribal communities have been reassured they'll be able to...

Pennsylvania Reverses Decision on CBD Edibles – Cannabis Business Times

Pennsylvania Reverses Decision on CBD Edibles – Cannabis Business Times

by cannabisnews
March 25, 2022
0

Pennsylvania Reverses Decision on CBD Edibles  Cannabis Business Times Source link

States wrestle with chemically made THC

States wrestle with chemically made THC

by cannabisnews
March 25, 2022
0

Over the past few years, Jonny Griffis has invested millions of dollars in his legal marijuana farm in northern...

Next Post
Pritzker to sign legislation changing how pot licenses are doled out

Pritzker to sign legislation changing how pot licenses are doled out

Mich. Suspends Pot Co.'s License, Citing Food Handler Slips

RECOMMENDED

Valley News – Column: Small producers deserve direct access to market

Valley News – Column: Small producers deserve direct access to market

March 26, 2022

Decriminalization: The pathway to legalization and cannabis equity | Nikki Fried – South Florida Sun Sentinel

March 26, 2022
  • 22M Fans
  • 121 Followers
  • 650 Followers
  • 23.7k Followers

MOST VIEWED

  • US Hemp and Cannabis Industry Leaders to Participate with Government at Event Celebrating New Legalization In Costa Rica

    US Hemp and Cannabis Industry Leaders to Participate with Government at Event Celebrating New Legalization In Costa Rica

    0 shares
    Share 0 Tweet 0
  • Oklahoma Cannabis Pioneer Joins Forces with Budding Cannabis Brand Ganja Goat Guru

    1 shares
    Share 0 Tweet 0
  • New Jersey Begins Accepting Recreational Cannabis License Applications: When Will Dispensaries Open?

    0 shares
    Share 0 Tweet 0
  • Federal Marijuana Legalization Bill May Receive House Floor Vote Next Week, Sources Say

    0 shares
    Share 0 Tweet 0
  • Legalizing recreational marijuana in Florida

    0 shares
    Share 0 Tweet 0

Recent News

Valley News – Column: Small producers deserve direct access to market

Valley News – Column: Small producers deserve direct access to market

March 26, 2022

Decriminalization: The pathway to legalization and cannabis equity | Nikki Fried – South Florida Sun Sentinel

March 26, 2022
Will SAFE Banking Act help?

Will SAFE Banking Act help?

March 26, 2022

CATEGORY

  • Cannabis Business
  • Cannabis Laws
  • Cannabis News
  • Cannabis Retail
  • Legalization
  • Medical Marijuana

Contact Us

  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Cannabis News Daily

No Result
View All Result
  • Home
  • Cannabis News
  • Medical Marijuana
  • Legalization
  • Cannabis Business
  • Cannabis Laws
  • Cannabis Retail

© 2021 Copyright Cannabis News Daily