New York: Page 3

Less Than 1.5% of New York’s Banks, Credit Unions Service Cannabis Industry

The state launched a cannabis banking directory for the industry, but the list of financial institutions is limited.

New York’s Warrantless Hemp Shop Raids Must Stop, Judge Orders

State Supreme Court Justice Thomas Marcelle ruled that the New York City Sheriff’s Office and state regulators are prohibited from conducting the searches.

4 New York Dispensary Licensees Sue State Regulators Over Buffer Rule

The retail operators are challenging the state’s Office of Cannabis Management for granting waivers they say violate the buffer between dispensaries.

New York’s Medical Cannabis Sales Figures Go Unsung in 2024

The state’s 32 medical cannabis dispensaries eclipsed nine figures for the year, pushing the state’s combined sales total close to $1 billion for 2024 alone.

Bat Poop Fatalities, Farm Bill Extension Lead CBT’s Top Stories in December

Illinois legislation to regulate hemp products, the DEA’s subpoena blunder and Minnesota’s unknown launch were among the most-read articles this month.

FLUENT Completes Acquisition of RIV Capital, Adding New York Operations to Footprint

The all-stock transaction accelerates FLUENT’s entry into one of the fast-growing cannabis markets in the world.

Product Inversion is New York Cannabis Market’s ‘Dirty Little Secret’

One of New York’s Cannabis Control Board members asserted skepticism of the state’s ability to validate products in the absence of a track-and-trace system.

AYR Wellness to Enter New York Cannabis Market Through Partner

Amethyst Health, a partnership between AYR Wellness and Black Star Wellness, was conditionally awarded a vertical medical license.

New York City Ordered to Lift Padlock on Smoke Shop Suspected of Unlicensed Cannabis Sales

A Queens County judge ruled that the city sheriff’s office’s intent to keep the business’s doors sealed for one year was unconstitutional.

New York Dispensary Owner Ordered to Pay $9.5 Million for Unlicensed Sales

A judge determined the Jaydega 7.0 retail owner continued to sell cannabis for 89 days after state authorities ordered him to stop.

RIV Capital Establishes Distribution Partnership With Nabis

The strategic partnership will utilize Nabis’ technology and expertise to accelerate RIV Capital’s growth in New York’s cannabis market.

Supreme Court Inches Toward Allowing Fired Truck Driver to Use RICO Law Over Failed Drug Test

The truck driver claims a hemp-derived CBD product he consumed was falsely advertised as having no THC, causing ‘injury to business.’

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