October 4, 2022 | Written By Cannabis Practice Group
WHAT IN THE WORLD IS GOING ON IN VIRGINIA CANNABIS? –ERIC POSTOW
Since the Virginia legislature failed to reenact the 2021 cannabis legalization law that legalized adult use and established the framework for an adult-use retail market, Virginians have been paying the price.
NEW YORK’S MEDICAL CANNABIS HOME GROW RULES ANNOUNCED – JAY KOTZKER
On September 20, the New York Office of Cannabis Management (OCM) announced that rules were finalized surrounding home growing of medical cannabis in New York. The new rules will take effect on October 5, 2022. The adoption of the medical cannabis home grow resolution comes almost a year after draft regulations were first proposed and several months after the public comment period led to slight revisions to the rules.
CONDITIONAL ADULT-USE RETAIL DISPENSARY APPLICATIONS –CRAIG E. YARIS
New York has started to accept applications for their Conditional Adult-Use Retail Dispensary (CAURD) licenses and will continue to do so until September 26, 2022. These licenses are for establishing businesses owned by “justice-involved” individuals.
At the New York Cannabis and Hemp Convention in Albany, New York, I presented a talk titled: 501(c) What? An Introduction to Tax Exempt Organizations in Cannabis. My goal with this talk is to educate those involved in the cannabis industry about tax-exempt organizations and ways they can be utilized now and in a federally legal future.
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