New York Governor Vows to Unleash $1 Billion Cannabis Market

Investors searching for a catalyst to pull cannabis stocks out of this 7-month bear market should look to New York. New York Governor Andrew Cuomo’s recent resignation could be a solid catalyst for the U.S. cannabis industry.

New York voted to legalize recreational cannabis back in March of 2021. The process to get the market up and running had become stalled after Cuomo became embroiled in a dispute with the NY Senate.

Because of this dispute, Cuomo failed to appoint key positions required to create a regulatory structure for the New York cannabis industry to launch. This is a serious logjam that needs to be cleared for the industry to get off the ground. Continue reading “New York Governor Vows to Unleash $1 Billion Cannabis Market”

Columbia Care (CSE: CHWF, OTC: CHWBF): The Next 35% Gain in 2 Days?

Mergers and acquisitions (M&A) continue to heat up in the cannabis sector. This is a trend that investors need to know about because it’s creating an opportunity to pick up a quick gain.

The latest evidence?

Harvest Health and Recreation (CSE: HARV, OTC: HRVSF), one of the largest cannabis companies in the U.S., jumped 35% in five days after announcing it was being bought by Trulieve Cannabis (CSE: TRUL, OTC: TCNNF), also a cannabis giant in the U.S.

Shares of Harvest responded with a big rally. Shares jumped 35% in five days. Continue reading “Columbia Care (CSE: CHWF, OTC: CHWBF): The Next 35% Gain in 2 Days?”

Here’s How to Play New York’s Legalization of Recreational Cannabis

New York Governor Andrew Cuomo just revealed that the empire state is close to legalizing recreational cannabis. Analysts were expecting New York to go legal in 2021 – but after Cuomo’s revelations, it looks like it’s going to happen sooner than expected. Continue reading “Here’s How to Play New York’s Legalization of Recreational Cannabis”

Marijuana Legalization Isn’t Dead Yet in New York

Lawmakers in New York are mounting a renewed and frantic push to legalize marijuana before the legislative session ends on Wednesday, even as debates about revenue and political blowback that doomed an earlier attempt have threatened to derail the effort again.

Staff members from the State Senate, Assembly and governor’s office met throughout the weekend, the first time they had engaged in three-way negotiations since the previous push fell short. Continue reading “Marijuana Legalization Isn’t Dead Yet in New York”

Cuomo Cites Marijuana Legalization as a Top Priority

Gov. Andrew M. Cuomo began lowering expectations on Tuesday for what state lawmakers may accomplish before leaving Albany on June 19.

The governor outlined an aggressive to-do list for the final four weeks of the legislative session, including legalization of marijuana and allowing driver’s licenses for undocumented immigrants. Cuomo also cast doubt on whether the state Senate shares his commitment. Continue reading “Cuomo Cites Marijuana Legalization as a Top Priority”

How legalization of hemp can help New York industry

Trees with fading leaves of early fall surrounded a wide field near Livingston at Old Mud Creek Farm, the home of Hudson Hemp. The site is one of the few legal hemp farms in the state, and may be a harbinger of what could become an agricultural economic driver in New York.

“Hemp has tremendous potential, but what it represents is a rethinking of many of our systems for industrial inputs,” Benjamin Dobson, CEO of Hudson Hemp, said. “America desperately needs another commodity crop.” Continue reading “How legalization of hemp can help New York industry”

New York Reveals List of Doctors Allowed to Prescribe Medical Marijuana

New York has published a partial list of doctors and other providers registered to prescribe medical marijuana, information the state had been keeping under wraps.

The list includes 22 Central New York providers — doctors, nurse practitioners and physician assistants, most of them in Onondaga County. Continue reading “New York Reveals List of Doctors Allowed to Prescribe Medical Marijuana”

New York Medical Marijuana Program Having Problems With Repeat Customers

More than three-quarters of the state’s 13,000 or so medical marijuana-eligible patients have purchased the drug, but only half of the 13,000 are repeat buyers under the tightly regulated state program, according to Department of Health data provided to the Times Union.

Through late January, 12,933 patients had been certified by their doctors to participate in the state’s medical marijuana program and 10,250 patients had been dispensed a medical marijuana product. Continue reading “New York Medical Marijuana Program Having Problems With Repeat Customers”

New York Makes Productive Changes to Medical Marijuana Program

State officials on Thursday announced a series of additional changes to New York’s medical marijuana program designed to expand products for patients, ease production and distribution for manufacturers of the drug and expand where and by whom it can be administered. Continue reading “New York Makes Productive Changes to Medical Marijuana Program”