New York State: Legal Cannabis Market Would Yield $434 Million Annually

New York State: Legal Cannabis Market Would Yield $434 Million Annually

NEW YORK:  The state of New York would gain an estimated $434 million annually in new tax revenue under a regulated adult use marijuana market, according to an analysis prepared by the New York City Comptroller’s office. The report estimates the size of the statewide cannabis market to be $3.1 billion. “Our analysis shows that a 10% retail Read the full article…

District Attorney Vance to End the Prosecution of Marijuana Possession and Smoking Cases

"The dual mission of the @ ManhattanDA's Office is a safer New York and a more equal justice system. The ongoing arrest and criminal prosecution of predominantly black and brown New Yorkers for smoking marijuana serves neither of these goals. "

New Manhattan D.A. “Decline to Prosecute” Policy Effective August 1st NEW YORK:  Manhattan District Attorney Cyrus R. Vance, Jr., today announced a new effort to reduce inequality and unnecessary interactions with the criminal justice system. Beginning August 1st, the D.A.’s Office will decline to prosecute marijuana possession and smoking cases. The District Attorney’s Office has invited Read the full article…

Cannabis PE Firm Merida Capital Partners Exceeds $50 Million In Assets Under Management

“Merida continues to see an acceleration of institutional interest in our core strategy,”

NEW YORK:  Merida Capital Partners, a private equity fund targeting fundamental growth drivers underpinning the rapid development of the cannabis industry, announced it has crossed $50MM in assets under management and closed transactions in nine companies in its second Fund. With the full deployment of Merida’s first tranche of Fund II and the opening of the firm’s Read the full article…

Patients Use Fewer Opioids Following Enrollment In Medical Cannabis Program

The study's findings are similar to those reported among enrollees in other states' medical cannabis programs, including the experiences of patients in Illinois, Michigan, Minnesota, New Mexico, and elsewhere.

NEW YORK:  Patients enrolled in New York state’s medical cannabis program reduce their use of opioids and spend less money on prescription medications, according to data published online in the journal Mental Health Clinician. Investigators from GPI Clinical Research labs in Rochester and the University of Buffalo assessed trends in patients’ medical cannabis and prescription drug use following Read the full article…

Cynthia Nixon To Speak At NYC Cannabis Parade & Rally This Saturday, May 5

Cynthia Nixon will speak at NYC Cannabis Parade & Rally on May 5

In its 47th year, the Event starts in Midtown and marches to Union Square Park for an afternoon rally NEW YORK, N.Y. – New York’s longest running annual pro-cannabis event, the NYC Cannabis Parade and Rally, returns for its 47th year this Saturday, May 5. Gubernatorial candidate Cynthia Nixon will be speaking at 2:30 pm Read the full article…

Giambra Will March In NYC Cannabis Parade On Saturday

“I believe we can help a broad section of our population by legalizing recreational marijuana, both medically and financially, and that’s why I’m going to be there Saturday adding my support to the effort.”

NEW YORK:  It was back in January in frigid Buffalo that former Erie County Executive Joel Giambra called for the “toughest, tightest regulated” legalized marijuana bill in the United States as a way to raise billions of dollars in tax revenue to fix New York State’s crumbling infrastructure. Giambra called taxing legalized recreational marijuana “a Read the full article…

Tikun Olam and Ilera Healthcare Announce Pennsylvania Partnership

Tikun Olam and Ilera Healthcare Announce Pennsylvania Partnership
to Deliver Science-Backed Cannabis Products to PA MMJ Patients

PENNSYLVANIA and NEW YORK:  Tikun Olam, the world leader in cannabis science, and Ilera Healthcare, Pennsylvania’s premier medical marijuana cultivator, processor and dispenser, have finalized a deal to bring Tikun’s world-renowned medical marijuana strains to medical cannabis patients in the Keystone State later this year. This partnership combines Tikun Olam’s history of peer-reviewed scientific research and Read the full article…

Senator Diane Savino to Lead “New York State of Cannabis” Panel at CWCBExpo NY

CWCBExpo NY

NEW JERSEY:  New York State’s recently announced study of legalizing marijuana will be discussed in a high level panel, “New York State of Cannabis,” at the 5th Annual Cannabis World Congress & Business Exposition, May 30 – June 2, at the Javits Center in New York. The panel will feature New York State Senator Diane Read the full article…

NYC Cannabis Parade & Rally Is May 5th

Press Release
RESIST PROHIBITION, REALIZE, LEGALIZE NYC Cannabis Parade & Founding Chapter of the Global Marijuana March Leads Worldwide Day of Advocacy and Entertainment

The 47th Annual Parade starts in Midtown and marches to Union Square Park for an afternoon rally NEW YORK: New York’s longest running annual pro-cannabis event, established by The Youth International Party (Yippies) in 1971, the NYC Cannabis Parade and Rally, returns for its 47th year on May 5.   A powerful roster of elected officials, including two state Read the full article…

Dialing For Dollars: Vanity Phone Numbers For Marijuana Businesses

"The immediate goal for local brick-and-mortar businesses is to generate more phone calls and more foot traffic,"

NEW YORK: A leading provider of vanity toll-free and local phone numbers, RingBoost, has announced the availability of special vanity phone numbers for marijuana businesses. The recent legalization of marijuana around the country has led to steep competition in this booming industry. Vanity phone numbers provide instant credibility and brand recognition in a way no Read the full article…