New York: Page 22

Cresco Labs Announces Closing of Acquisition in New York State

Cresco now holds one of only 10 vertically integrated cannabis business licenses issued by the state of New York.

SAFE Banking Act Clears U.S. House, Massachusetts Bans All Vape Sales for Four Months: Week in Review

The U.S. House voted 321-103 to pass the SAFE Banking Act on Sept. 25.

New York Governor to Discuss Cannabis Legalization with Governors of Connecticut, New Jersey

New York Gov. Andrew Cuomo wants to initiate the conversation to ensure administrations in neighboring states are aligned on the issue.

DEA Announces Cannabis Research Expansion Plans, Washington Eyes Bill Allowing Growers to Deliver: Week in Review

The DEA has pledged to take steps to approve additional federal cultivation licenses from a pool of applications that have been pending for nearly three years.

Green Thumb Industries Acquires One of New York’s 10 Vertically Integrated Cannabis Licenses

Chicago-based GTI’s $60-million deal follows blockbuster transactions closed by MedMen, Pharmacann and Cresco Labs in New York.

Green Thumb Industries (GTI) Closes Transaction to Acquire Highly Coveted Vertically Integrated New York License

New York’s medical marijuana market has more than 105,000 registered patients as of August 20, almost doubling since January 2018.

Cresco Labs Announces Regulatory Approval for Acquisition of One of Ten Vertically Integrated Licenses in New York State

The acquisition expands Cresco Labs' multistate footprint into the limited license New York market, which is projected to grow to $500 million by 2022.

Curaleaf Retracts CBD Health Claims After FDA Warning, New York Decriminalizes Cannabis: Week in Review

Curaleaf has scrubbed its website and social media accounts of health claims about its CBD products in response to a warning from the Food and Drug Administration.

Woodstock Music Festival Can License Its Name to Marijuana Brand

U.S. District Judge Paul Gardephe rejected a claim that the deal would infringe on the name of another company, Woodstock Roots.

New York Governor Signs Bill Decriminalizing Marijuana Use

Gov. Andrew Cuomo signed a bill July 29 to decriminalize marijuana use in the state and expunge the records of some people convicted on cannabis-related charges.

NYC Ban on CBD Food and Drink Products Goes Into Effect

The city Health Code now prohibits businesses from adding cannabidiol to food or drinks.

Illinois Legalizes Cannabis, Maine Will Implement Adult-Use Cannabis Sales: Week in Review

With Gov. J.B. Pritzker’s signature, Illinois became the 11th U.S. state to legalize and regulate adult-use cannabis.

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