Big NY Banks Tell Licensed Medical Marijuana Firms To Take a Hike

Some of the major federally regulated banks in New York have no plans to do business with the medical marijuana companies that were awarded licenses to grow and distribute the drug.

That means the banks will not accept deposits from the companies and will not allow bank-issued debit cards to be used to purchase the drug.

“While the use of medical marijuana is legal under applicable state laws in some states, the manufacture, distribution, and use of marijuana is still illegal under federal law," a spokesman for Wells Fargo said. "Our policy of not banking marijuana-related businesses is based on applicable federal laws."

NEW YORK: Some of the major federally regulated banks in New York have no plans to do business with the medical marijuana companies that were awarded licenses to grow and distribute the drug. That means the banks will not accept deposits from the companies and will not allow bank-issued debit cards to be used to purchase the drug. Read the full article…

NYC Hosts Medical Marijuana Expo As State Ramps Up For Legalization

It is “the early stages of what is going to be not just a public health policy shift for New York state, but the creation of a new and emerging industry,”Savino, D-Staten Island/Brooklyn, told WCBS 880’s Jim Smith.

NEW YORK: New York state lawmakers and advocates of medical marijuana gathered in New York City on Sunday to discuss the implementation of a new state law authorizing medical marijuana. The event drew potential patients, policymakers and hundreds of people interested in working in the new medical marijuana industry. State lawmakers voted this year to make New Read the full article…

Gov. Cuomo Wants Big Changes To Medical Marijuana Bill

Cuomo wants to bar the smoking and sharing of medical pot. Senate bill sponsor Diane Savino (D-Staten Island) amended her bill to prohibit the smoking of medical marijuana by anyone under 21.

NEW YORK:  Gov. Cuomo has outlined a series of concerns to lawmakers that must be addressed before he’ll even consider signing the bill to legalize medicinal marijuana in New York, the Daily News has learned. Cuomo and legislative leaders began negotiations on a potential bill last week in hopes of reaching a deal before the Read the full article…

Medical Marijuana Legislation Continues Through NY Legislature, Waiting To Head To Senate Floor

Advocates cheered as the New York State Assembly approved a medical marijuana bill that would  permit patients to possess small amounts of marijuana to treat approved medical conditions.

NEW YORK: The fate of a medical marijuana bill remains up in the air in New York State. The State Assembly has approved a version that would allow patients to obtain the drug for medical treatment, while a similar measure remains hung up in the State Senate. Advocates cheered as the New York State Assembly approved Read the full article…

Medical Marijuana To Be Approved In NY Assembly Today

If approved, the bill would head to the state Senate, where its fate is uncertain but where a version of which passed the Senate Health Committee last week.

NEW YORK: The state Assembly today is set to approve the Compassionate Care Act — the measure that would legalize medical marijuana in New York. There’s little suspense: the Democratic-led Assembly has been approving various pieces of legislation to legalize medical marijuana for several years. If approved, the bill would head to the state Senate, Read the full article…

Medical Marijuana Legalization Bill Passed By NY Senate’s Health Committee for the first time

The Health Committee approved the bill on a 9-8 vote, with one Republican, Sen. William Larkin of Orange County, joining eight Democrats in voting “yes.”

NEW YORK: Backers of legalizing medical marijuana in New York were flying high Tuesday after the measure cleared a state Senate committee for the first time. The Health Committee approved the bill on a 9-8 vote, with one Republican, Sen. William Larkin of Orange County, joining eight Democrats in voting “yes.” Medical marijuana advocates, who have Read the full article…

Medical Marijuana Could Be Legalized In New York This Spring: Advocates

Applicants had to pay a refundable registration fee of $200,000 along with a non-refundable $10,000 fee. For a comparison, in Oregon, the application fee is $4,000 and in Massachusetts, there is a Stage One application fee of $1,500 and a Stage Two application fee of $30,000.

NEW YORK: Medical marijuana may finally be growing on New York State lawmakers. Bolstered by growing public acceptance and hints of support from Gov. Cuomo, proponents of pot as medicine believe newly re-drafted legislation will be approved in Albany this spring – making New York the 22nd state to legalize medical marijuana. “We’re closer to this Read the full article…

New York's Medical Marijuana Experiment Begins With Caution

New York Gov. Andrew Cuomo walks across the stage to deliver his annual State of the State address earlier this month, where he called for access to medical marijuana for some patients.

NEW YORK:  New York is one of the only states in the Northeast without a medical marijuana program. Gov. Andrew Cuomo was opposed to medical marijuana, and attempts to create a law have failed to get through the state Senate for years. Now Cuomo has reversed himself, proposing a medical marijuana research program run under Read the full article…

Cuomo Says He's 'Comfortable' With Medical Marijuana Plan

Day of Actions Include Public Hearing on Bill, Evening Event in Nearby Latham, and Powerful New Video About Patients, Doctors and the Compassionate Care Act

NEW YORK: Gov. Andrew Cuomo said Monday he’s changed his stance on medical marijuana in part because the state will have control over how the program is administered. Cuomo plans in his State of the State address on Wednesday to announce the legalization of medical marijuana at 20 hospitals in New York and for limited diseases, Read the full article…