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New York short on time to create a cannabis marketplace

By
Susan Arbetter
City of Albany
PUBLISHED 6:34 PM ET Jul. 16, 2021
PUBLISHED July 16, 2021 @6:34 PM
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A little background. Gov. Andrew Cuomo and the state Senate have yet to agree on who will lead a cannabis board created by the Marijuana Regulation & Taxation Act, passed in the spring.
Allan Gandelman, president of New York Cannabis Growers & Processors Association and president of Head & Heal, a seed to sale CBD company based in Cortland, told
Capital Tonight that if Schumer’s bill passes and if New York isn’t ready, 50,000 jobs could be lost.
“We have a very short timeframe,” Gandelman explained. “Farmers need to get plants in the ground in the spring. But without a board or licensing regulations, we might be losing two years.” ....

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List: Top Cannabis Executives, Advocates, Regulators in New York

Courtesy of Jen Drake, Crystal Peoples-Stokes, Allen Gandelman, Gia Morón; Shayanne Gal/Insider
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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. ....

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Swap the Crop? NY Hemp Farmers Eager to Grow Marijuana

Last month, New York became the second-largest state to legalize recreational marijuana after California, with retail sales expected to begin as early as next year.
Existing medical marijuana businesses in New York are expected to play a major role in the new adult market, but lawmakers wrote in provisions to mitigate market dominance. Half of the licenses are supposed to go to “social and economic equity” applicants, which would include financially distressed farms.
Regulators are likely months away from answering market-defining questions such as how many licenses will be made available and how much they will cost. High prices for cultivation licenses, for instance, would freeze out some smaller farmers from the market, said Allan Gandelman, president of the New York Cannabis Growers & Processors Association. ....

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N.Y. hemp farmers eager to grow pot

BY MICHAEL HILL | ASSOCIATED PRESS
April 14, 2021
10
Gail Hepworth, center, co-owner with her sister of Hepworth Farms in Milton, N.Y., talks with employees as dried hemp is processed, Monday. AP Photo/Seth Wenig
ALBANY, N.Y. – Legal marijuana is coming to New York and hemp farmer Samir Mahadin sees it as a potential lifeline.
Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate billions of dollars a year once retail sales start.
They already know how to grow and process cannabis plants, since hemp is essentially the same plant with lower levels of THC, marijuana’s active ingredient. ....

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Going for the green

Going for the green
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