Join NY Cannabis Insider for its next industry meetup in NYC on Aug. 13, 2024. Tickets available now.
Happy weekend, everyone!
We hope you’re keeping cool. While we’re all enjoying this midsummer weekend, let’s take a look at what we wrote about last week.
First, we ran a piece about our next live event in New York City, which will take place at Madam Mikettes in Midtown on Aug. 13. Details and tickets available here.
The evening will feature an interactive discussion with panelists who represent the biggest components of the adult-use ecosystem throughout the state and will discuss current issues facing growers, dispensaries, processors, and laboratories, among other topics.
New York’s Cannabis Control Board held a meeting on Wednesday, during which they approved more than 100 new business licenses and removed some restrictions on marketing.
As has been the case at some other CCB meetings, this one got tense at times.
Board member Adam Perry noted several times during the meeting that Office of Cannabis Management data show a 60-day turnaround period for applications –– better than many state agencies. Toward the end of the meeting, board member Jennifer Gilbert Jenkins shouted at Perry.
“Adam, you have to stop repeating that!” Gilbert Jenkins said. “We are processing licenses for people who applied in November and December. I don’t care what day they open, we don’t take 60 days.”
NY Cannabis Insider checked in with Courtney Forester, CEO of Utica dispensary Air City Cannabis, to see how business has been going at the shop since it opened its doors on June 19.
In its first few weeks of business, the store has been serving about 70 customers per day, Forester said in a Q&A. While sales are increasing, current figures are a bit lower than expected, Forester said, largely because of the number of illicit shops in the area.
On Monday, we ran a story that took a look at how a recent Supreme Court ruling, which struck down a legal doctrine known as the “Chevron Deference,” may or may not affect an ongoing federal effort to reclassify marijuana as a Schedule 3 substance.
In the days after justices of the nation’s highest court struck down the Chevron Deference precedent, attorneys who spoke to NY Cannabis Insider about the decision said it’s more likely the ruling will stymie federal rescheduling and legalization.
Have a great weekend everyone, we’ll be back with plenty more next week.