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Meet the lawmakers, regulators, executives, and investors shaping the future of New York s cannabis industry.
New York legalized cannabis on March 31 and sales are expected to start in 2022.
New York legalized cannabis for adults over the age of 21 in March, setting off a gold rush for companies looking to take advantage of the potentially $7 billion market in the US s financial capital.
Right now, there are only ten cannabis licenses in the state s medical market, and the companies that own each license will look to quickly transition from New York s relatively limited medical market to the recreational market.
A bad delivery experience can send shoppers back to the illegal market.
Cantor Fitzgerald analyst Pablo Zuanic said in a Tuesday note that he expects key parts of the SAFE Act to end up in a more comprehensive cannabis reform bill being crafted by Senate Majority Leader Chuck Schumer, rather than be introduced as a standalone piece of legislation.
If that bill passes, it would catalyze a wave of M&A in the US, driven by well-capitalized Canadian companies, Zuanic said.
Atai Life Sciences, the psychedelics giant backed by big-name investors like Peter Thiel, is going public. The company said in an S-1 filing submitted this week that it plans to trade on the Nasdaq under the symbol ATAI. We pored over the psychedelic giant s 373-page filing to find the key takeaways.
Cannabis And NFTs: Collectible Cards Seek To Give Consumers 'Ownership Over Favorite Strains' forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Califari and Merida Capital Holdings Announce Partnership to Create Branded Cannabis Platform Through NFT Issuance
First issuance to consist of five limited-edition cards to be released on 4/20
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Califari and cannabis private equity firm
Merida Capital Holdings announced today that they have formed a joint venture to create a platform that will utilize non-fungible tokens, or NFTs, to create and distribute unique, one-of-a-kind pieces of art that reflect the cannabis community s passion for the once taboo plant. The as-yet unnamed platform will also offer brand development and gamification opportunities for cannabis companies and aims to establish a centralized digital space for the unique collision of culture, art, creativity, and rampant commercial growth that cannabis legalization presents.