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Despite these challenges, New York’s legal cannabis market has recorded more than $530 million in sales since December 2022, with $370 million reported so far in 2024.
A spokesperson for the New York Attorney General's office, which defended the regulations in court, directed questions on the ruling to the state Office of Cannabis Management. That office did not ...
The Office of Cannabis Management is a New York state government agency established upon passage of the Marijuana Regulation and Taxation Act (MRTA) to implement a regulatory framework for medical and adult-use cannabis in the state of New York, along with hemp regulations as well.
The Cannabis Regulation and Taxation Act was a bill under consideration by the New York State Legislature during the 2020–2021 session to legalize cannabis. It was contained in Part H of the revenue bills embodying Governor Andrew Cuomo 's budget proposal, A3009 and S2509.
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An act in relation to constituting chapter 7-A of the consolidated laws, in relation to the creation of a new office of cannabis management, as an independent entity within the division of alcoholic beverage control, providing for the licensure of persons authorized to cultivate, process, distribute and sell cannabis and the use of cannabis by persons aged twenty-one or older;
Sacramento opted to fully embrace it, so long as permitted businesses paid 4% of revenues as tax. Soon, the money began to flow in. The first year, 2016-17, saw $4.8 million in new money for the city.
Cannabis regulatory agencies exist in several of the U.S. states and territories, the one federal district, and several areas under tribal sovereignty in the United States which have legalized cannabis. In November 2020, 19 state agencies formed the Cannabis Regulators Association.