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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.
WHECTV Created: February 18, 2021 07:55 PM
ROCHESTER, N.Y. (WHEC) A Rochester-area state senator will co-chair the NYS Black, Puerto Rican, Hispanic & Asian Legislative Caucus (BPHA) s Marijuana Task Force.
Sen. Jeremy Cooney (D, 56) will co-chair the caucus’s efforts to get recreational pot legalized in the state senate.
Cooney says he is a strong supporter of legalizing recreational weed in a way that reduces harm while creating new and diverse businesses, jobs and stimulating rural and urban economies.
Maj. Leader Crystal Peoples-Stokes (D, 141) is the co-chair in the New York State Assembly.
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Leading Middle East Law Firm Establishes First Medical Cannabis Practice
With the passing of the first Arab medical cannabis law by Lebanon, leading Middle East law firm Wasel & Wasel establishes the first medical cannabis law practice in the MENA region.
The law firm of Wasel & Wasel has established the first medical cannabis legal practice in the Middle East, in response to the Lebanese Parliament legalizing the cultivation, trade, research, and use of medical cannabis earlier this year.
The global medical cannabis market is expected to increase to as much as USD 60 billion by 2024. The decision by Wasel & Wasel to establish the practice comes as a result of significant interest seen by the firm in the Lebanese medical cannabis market from Europe and China, England, and Canada, and from within Lebanon and regionally.