Over the last several months there has been a lot going on in New York’s cannabis world, with the “highlights” being litigation, corporate letters, municipal legislation, and generally just a lot of back and forth about where New York’s adult-use cannabis market is going and how it is getting “there” (wherever “there” is”). Over the next few weeks, we will be breaking down the big ticket events, but in the interim, we thought it might be helpful to consolidate the “schedule” into one post, with the what, when and why it’s important laid out.
When: September 12, 2023 at 10:15 AM (Live Stream Link in the Link)
Why It’s Important: This is going to be the biggest CCB meeting since the November 2022 meeting during which the first version of the adult-use rules and regulations were released. On tap for this meeting is likely:
- “Final” approval of the adult-use rules and regulations;
- Announcing when the adult-use application portal is going to be open (likely in October);
- Addressing the ongoing litigation and corresponding injunction; and
- hopefully, addressing the mounting frustration amongst the New York cannabis community about the OCM and CCB’s missteps.
What: Status Conference for the Fiore v. CCB/OCM litigation
When: September 15, 2023 at 10:00 AM
Why It’s Important: As of right now, there is a preliminary injunction in place that prohibits the OCM from issuing any further Conditional Adult-Use Retail Dispensary (CAURD) licenses. We need not get into the details of the OCM’s missteps (which have been well-reported). But Judge Bryant has been vocal from the very first hearing about the parties trying to find a resolution, and in the shadow of the September 12, 2023 CCB meeting, the hearing will likely provide real clarity on the future of the CAURD program.
What: New York State Senate Subcommittee Hearing on Cannabis
When: October 30, 2023
Why It’s Important: Everyone agrees that the OCM and CCB’s rollout of New York’s adult-use cannabis regime has been simultaneously rushed and way too slow. New York State Senator Jeremy Cooney announced the legislative session as a “fact finding hearing” during which industry stakeholders will testify about their experiences during the roll out and regulators will have to answer questions regarding the obvious issues with the rollout of licenses. The hope is that the hearing will act as a catalyst for legislative change to the MRTA.
There is a lot happening in New York’s cannabis market. As we work our way through September, we expect real clarity on the future of New York’s adult-use cannabis market. Stay tuned!
This content was originally published here.