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Friday, March 31, 2023

NY Cannabis Insider’s week in legal weed for Jan. 28, 2023

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It’s been a busy week for NY Cannabis Insider, and the New York weed industry in general! Let’s take a look at what we covered last week:

NY Cannabis Insider Editor/Publisher Brad Racino finally received public documents he requested from the Dormitory Authority of the State of New York (DASNY) regarding the $200 million cannabis equity public/private fund. It only took 100 days (!), but answered some key questions we had about Social Equity Impact Ventures, which DASNY selected to raise $150 million, and manage the fund’s money.

The documents include a partially redacted version of Impact Ventures’ response to DASNY’s request for proposals submitted in June. The response spans 86 pages and includes new details on the team, its qualifications, and – notably – its concerns over raising the $150 million within the state’s proposed timeline. The documents also confirm that Impact Ventures did submit information to the state that was not true or, at best, was a stretch.

I wrote a story about the Office of Cannabis Management’s cannabis compliance mentorship program, which held its first session last week. The unique 10-week course geared toward farmers and processors started this week, and some attendees I talked to are optimistic it could set the state’s cannabis industry up for success.

On Wednesday, I covered a Cannabis Control Board meeting, in which CCB members approved 30 new CAURD licensees, as well as one new conditional processing license and five new testing lab permits.

Board members also filed updated medical cannabis regulations, which will take effect once published in the State Register – which OCM health and safety director Nicole Quackenbush said will likely happen on Feb. 15.

That meeting took place the same day we ran a story about a state committee that monitors transparency among New York’s government agencies publishing an opinion that found the OCM has strayed from the law that governs public meetings and comments.

Last week, Isabel Flores, a journalist from Syracuse University, contributed a story about Syracuse University’s cannabis curriculum, and how it can help students get a foot in the door of the cannabis industry.

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Attorney/accountant Paula Collins penned another guest column, this one about points of pride and shame (so far) in New York’s rollout of the state’s cannabis industry.

In a separate guest column, Hunter Friedland of the Cannabis Association of New York argued that many concerns regarding legal cannabis – and how companies market their products – amount to unproductive fear mongering that exacerbates existing stigmas.

Continuing our People to Know in NY Cannabis series, last week we featured Josh Allyn, the founder and CEO of Tap Root Fields

Lastly, we posted attorney Jeffrey Hoffman’s latest Ask Me Anything segment, in which he answers questions about potency inflation, how CAURD licensees are accessing capital, and more.

Enjoy the rest of your weekend folks, we’ll be back on Monday!

Grow guide for marijuana beginners.

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