Along with New York, many states are undergoing cannabis use and legalization. This is in addition to continued discussions by the national government on marijuana legislation. New York state announced those who want to grow adult-use cannabis can apply online as of March 15th. Silver Therapeutics opened in April 2019 and is now preparing to open in New York in 2023.
As with any cannabis business, there are certain rules and regulations that must be followed. Some being federal and some being state-regulated.
“The Business Council of New York State is working to make sure businesses will be successful, despite under federal law, they can’t make ordinary deductions. Federal prohibition is a monetary obstacle that marijuana businesses will face.”
New York two-tier Structure
So, what does this mean? New York is considering a two-tier licensing structure which would keep those who grow and process from also selling the product. This legislation’s goal is to limit monopoly and assist minority or women-owned businesses. With this bill, they hope to eliminate vertical integration, allowing 1 company to grow and sell.
CBS Albany- Challenges for Retail Cannabis
CBS Albany- two-tier bill
GreenLab Packaging is a proud supporter of the Cannabis industry. Whether you need a handheld filling machine, a complete fill-cap-label system, or an automated vape cartridge filling solution, we are proud to help our industry partners with their liquid packaging needs. For more information, please call 866.258.1914 or email firstname.lastname@example.org. A local representative will contact you to provide additional information and answer any questions that you may have.