NY Cannabis Sales Won’t Start Until 2023 Amid Regulatory Uncertainty
Adult-use cannabis sales are nowhere near to becoming a reality
Shortly after former New York Governor Andrew Cuomo signed the Marijuana Regulation & Taxation Act (MRTA) legalizing adult-use cannabis on March 31, 2021, legislators created the Office of Cannabis Management (OCM) governed by a Cannabis Control Board (CCB) to oversee and implement the law.
Finally, after six months of inaction (and Gov. Cuomo resigning), the signing of the MRTA took place on September 1 under the state’s new Governor Kathy Hochul who duly appointed a chairperson for the NY Cannabis Control Board (CCB) and an Executive Director of the Office of Cannabis Management (OCM).
Seemingly all good news for the industry, however, adult-use cannabis sales are nowhere near to becoming a reality.
New Chiefs in Town
Once the State Senate confirmed Gov Hochul’s nominee to chair the CCB, former Brooklyn assembly member Tremaine Wright, as well as her nominee for executive director of the OCM, Christopher Alexander, the hope was that the long-awaited legal cannabis industry, on track to be one of the largest in the country, would finally get underway.
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