New York has become the fifteenth state in the United States to legalize adult-use cannabis for recreational purposes. What does this mean for cannabis business owners and consumers?
#1. Adults will be allowed to grow up to six plants for personal use and will not be arrested if they have up to three ounces of cannabis flower or twenty-four ounces of concentrated cannabis, such as oils.
#2. Adults will be able to smoke cannabis anywhere that smoking cigarettes is permitted. (More legislation could be on the way)
#3. People that have been convicted of cannabis-related offences that are no longer illegal will have their criminal records immediately expunged.
#4. Cannabis retail stores, smoking sites/smoke lounges, and home delivery are all on the way, but not right away. Local councils will be able to keep this to a minimum.
#5. Legal cannabis, which had previously been restricted to a small number of conditions such as cancer and AIDS, will now be available for medical practitioners to prescribe for any ailment they deem necessary.
#6. Medical marijuana is now available as a flower or smoked product.
#7. To prevent corporations from handling the entire seed to sale process, licenses will be given for developing, wholesaling, and retailing. This is intended to prohibit large enterprises from forming, but the state's ten existing medical marijuana businesses are excluded. For multi-state operators who joined New York as medicinal cannabis companies in the hopes of getting a head start when recreational usage arrived, the odds were stacked against them.
This is intended to prohibit large enterprises from forming, but the state's ten existing medical marijuana businesses are excluded. The gamble has paid off for multi-state operators who joined New York as medical cannabis companies in the hopes of getting a head start when recreational usage arrived.
#8. “Social justice applicants,” such as people of color, struggling farmers, disabled veterans, and women, are supposed to receive half of all business licenses.
#9. Forty percent of the industry's tax revenues would be diverted to communities of color, who have traditionally been affected by drug policies.
#10. Thousands of jobs in plant cultivation, processing, sales, and professional services such as marketing, real estate, and law will be generated. Since cannabis cannot be transported across state lines, these jobs will remain in the state.