OCM TO BEGIN ACCEPTING CONDITIONAL ADULT USE PROCESSOR APPLICATIONS

The Cannabis Control Board (the “Board”) held a public meeting earlier today during which it advanced several key components of the innovative Seeding Opportunity Initiative, which positions individuals with prior cannabis-related criminal offenses to make the first adult-use cannabis sales with products grown by New York farmers. Here are some key takeaways from the meeting:

New License Application Period for Conditional Adult Use Processor Licenses

During the meeting,… More

Massachusetts May “Decouple” From Section 280E

Key Takeaways:

  • Massachusetts is on the brink of becoming the next member of a growing number of states that are “decoupling” from Section 280E, the federal tax law that severely limits the extent to which cannabis-related businesses can deduct expenses for income tax purposes.
  • If pending legislation is enacted, such limitations would not apply for Massachusetts state income tax purposes, leading to potential tax relief for Massachusetts cannabis-related businesses.…
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OCM Community Outreach Continues: Conditional Adult Use Retail Licensing Workshop

The New York State Office of Cannabis Management hosted a “Get Ready, Get Set,” workshop to provide community members with vital information about the Marijuana Regulation and Taxation Act (MRTA) and the conditional adult use retail dispensary (CAURD) licenses at the Schenectady Public Library on June 8, 2022. Key takeaways from the meeting include:

  • CAURD eligibility requirements: people with a previous cannabis conviction in NYS or their eligible family members or non-profit organizations serving justice involved people.…
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RHODE ISLAND BECOMES 19TH STATE TO END MARIJUANA PROHIBITION

On May 24th, Governor Daniel McKee signed the Rhode Island Cannabis Act  (the “Act”) into law, making the Ocean State the 19th state to legalize cannabis for adult-use. While adult-use retail sales will not launch in the state until on or after December 1, 2022, adults 21 and older can now legally possess up to one ounce of cannabis and grow up to six plants for personal use,… More

Office of Cannabis Management Announces Get Ready, Get Set Cannabis Workshops

The Office of Cannabis Management has announced a series of  “Get Ready, Get Set” virtual workshops to provide information for those looking to apply for the Conditional Adult-Use Retail Dispensary (“CAURD”) Licenses to sell cannabis in New York. The CAURD licenses will be the first round of adult-use retail licenses issued in New York.

To be eligible for the CAURD license, applicants must:

  • Have had a pre-MRTA cannabis related offense in the State of New York,…
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WEBINAR: Trademark and Advertising Basics for Cannabis Companies

Business is booming for cannabis ventures, but the legal landscape for brand protection and product advertising is rife with complications that demand special consideration. Companies should be paying attention to these issues out of the gate.

Foley Hoag presented a webinar covering a range of topics related to cannabis trademark protection and promotion of cannabis-related goods and services, including:

  • Maximizing trademark rights at the federal and state level
  • Leveraging alternative IP strategies for brands
  • Advertising best practices and what not to say
  • FDA regulation of cannabis and cannabis-derived products
  • CBD,…
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UPDATE: Massachusetts Senate Passes Bill Which Will Make Major Changes to Cannabis Policy in the State

Back in February, we blogged about the Massachusetts Joint Committee on Cannabis Policy (the “Committee”) releasing a cannabis bill (H. 174/S. 72) through Committee without any opposition. This bill proposed major changes to host community agreements (“HCA”), re-vamped the state’s approach to social equity in the industry, and provided a legislative fix to permit on-site consumption establishments.

 

The bill was amended in another committee and the Senate adopted several amendments.… More

New York Approves 52 Adult-Use Conditional Cultivation Licenses

Yesterday, the Cannabis Control Board approved 52 adult-use conditional cultivation licenses, which means the approved businesses can start growing cannabis for the upcoming adult-use market. Licensees can start growing cannabis outdoors or in a greenhouse with up to 20 artificial lights. The new licensees are all current hemp farmers that have grown and harvested for at least two of the past four years. An adult-use conditional cultivator license is valid for no more than two years,… More

UPDATE: Cannabis Legalization on the Ballot in Maryland This November

The Maryland Senate has now approved legislation that puts a referendum before voters this November on whether Maryland should legalize adult-use cannabis and begin implementing a regulatory framework if the ballot question is approved. Maryland’s Republican governor announced he will not sign or veto the legislation, and will allow it to take effect without his signature.

As we previously discussed, even if voters approve the referendum,… More

New York Cannabis Control Board: Seventh Meeting News Highlights

On Thursday, March 10, 2022, the New York State Cannabis Control Board (CCB) of the Office of Cannabis Management (OCM) held its seventh and longest public meeting to date, during which it made significant progress in developing the adult-use regulatory framework contemplated by the Marijuana Regulation and Taxation (MRTA). As detailed further below, the CCB: (i) previewed its proposed conditional adult-use retail dispensary regulations, (ii) approved the application form for conditional cultivator adult-use cultivator licenses and announced the application period for these licenses,… More