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All New York Cannabis Business License Types

by The Real Dirt | Dec 30, 2021 | Blog, Business, Cannabis Business, Cannabis Law, Cannabis Law and Compliance, Cannabis News, Industry News, Legalization

Cannabis legalization in New York has many entrepreneurs looking to capitalize on what will likely become the largest cannabis industry in the country. However, the state’s Cannabis Control Board [CCB] has already announced delays to the cannabis business license process.

Little has been revealed in terms of the application process and regulations, which won’t be released until 2022. However the Marijuana Regulation and Tax Act, which legalized cannabis in New York, outline what cannabis business licenses will be available.

In total, there are nine separate cannabis business licenses for New York. These licenses are:

Cultivator
Processor
Cooperative
Distributor
Retail Dispensary
Microbusiness
Delivery
Nursery
On-site Consumption

New York Cultivator License

A Cultivator license allows everything involved with growing and harvesting cannabis plants for the purpose of sale to licensed processors. However a business with a Cultivator license can also perform minimal processing themself without a processing license.

Additionally a Cultivator licensee can have one Processor license and one Distributor license. Anyone with a Cultivator license cannot have any ownership connection to a cannabis retail dispensary.

New York Cannabis Processor License

A cannabis processing business purchases cannabis from cultivators and finishes production. This includes extraction, infusing, packaging, labeling and branding. A processor can only sell their finished product to a distributor.

However a process can also have a distributor license as long as they company is selling their own products. Just like the Cultivator license, a Processor Licensee cannot have any connection to a cannabis retail dispensary.

New York Cannabis Cooperative License

A cannabis cooperative in New York can cultivate, process and distribute their own cannabis products. Additionally a cooperative can sell to other distributors, on-site consumption businesses, registered organizations and retail dispensaries.

A Cooperative Licensee cannot sell directly to consumers, must have democratically elected leadership consisting of New York state residents and must be registered as an LLC or LLP. As with other New York cannabis business licenses, cooperatives can’t have an ownership connection to a retail dispensary, microbusiness or on-site consumption site.

Anyone who is a member of the co-op is prohibited from having any ownership connection to any recreational cannabis license.

New York Cannabis Distributor License

A Distributor licensee can purchase cannabis products from cultivators, processors, cooperatives, micro-businesses or registered organizations. They can then sell the products to retail dispensaries or consumption sites.

A distributor can’t be tied to any microbusiness, dispensary, consumption site or registered organization.

New York Cannabis Retail Dispensary License

A Retail Dispensary License allows someone to open a retail location which can purchase cannabis products from distributors and sell them to consumers. No one person is allowed more than three retail licenses.

This license includes strict zoning requirements. A retail store must be on ground level in a business district, and cannot be within 500 feet of a school or 200 feet of a religious organization. Any municipalities that want to opt out of allowing retail locations must do so before 2022, and hundreds of counties in the state have opted out already.

New York Cannabis Microbusiness License

A micro-business licensee will be allowed to cultivate, process, distribute, deliver and sell a limited amount of its own cannabis products. The CCB has yet to determine the size, scope, and eligibility criteria for micro-businesses, but they are prioritizing social and economic equity applicants.

Micro-business owners can’t have connections to more than one micro-business or any other type of cannabis business.

New York Cannabis Delivery License

A Cannabis Delivery licensee can deliver cannabis products from a retail store, micro-business or delivery business directly to the consumer. Each delivery business can have up to the equivalent of 25 full-time workers per week.

The CBB will provide more information about the application process, criteria, and scope of licensed activities in 2022. Licensees may not have any ownership connection to more than one delivery business.

New York Cannabis Nursery License

A cannabis nursery owner is permitted to produce clones, immature plants, seeds and other agricultural products used specifically for the cultivation process. The nursery can sell these products to cultivators, co-ops, micro-businesses or registered organizations.

Cultivators may have a nursery license in order to sell products to other cultivators, co-ops or microbusinesses.

New York On-site Consumption License

On-site consumption licensees can purchase cannabis products and sell them to consumers for use in a designated area. Commonly called cannabis lounges or cannabis clubs, these sits will be similar to a hookah bar, but for cannabis.

The legislation outlines several strict regulations about the license application process, the physical site, and how business should be conducted at the site, similarly to retail dispensary locations. Licensees may not have any ownership connection to more than one site or any other type of cannabis business.

Malta becomes first EU country to legalize cannabis

by Travis C | Dec 15, 2021 | 420 News, Blog, Cannabis Law, Cannabis Law and Compliance, Cannabis News, Culture, Legalization, Politics

Malta has become the first EU country to legalize cannabis

Adults will be allowed to carry up to seven grams of cannabis and grow four plants at home, but smoking it in public or in front of children will remain illegal.

Several other nations have similar plans; Germany, Luxembourg and Switzerland being three other EU countries considering legalization. While cannabis use and possession is permitted under certain circumstances in the Netherlands, cannabis isn’t officially legal.

Malta’s parliament voted to legalize cannabis on Tuesday, December 14, 2021 with 36 members voting in favor and 27 against.

Equality Minister Owen Bonnici said the “historic” move would stop small-time cannabis users from facing the criminal justice system. A legal cannabis industry would also “curb drug trafficking by making sure that users now have a safe and regularized way from where they can obtain cannabis”.

However, Malta’s opposition Nationalist Party voted against the new law, claiming an increase in illegal market sales will be the result.

In October the group’s leader Bernard Grech — who initially supported the new law — warned it would “only lead to the strengthening of the illegal market, with organized crime taking advantage,” according to The Times. Opponents have already called on Malta’s president, George Vella, not to sign it into law, which is the final, ceremonial stage.

Under the new law anyone carrying more than seven grams, but less than 28g could be fined up to €100 ($112). The punishment for smoking in public will be a €235 ($265) fine, and those smoking cannabis in front of anyone younger than 18 could be fined up to €500 ($560).

Associations will be set up to distribute the seeds to cultivate cannabis or the consumable version itself in order to regulate how much someone buys. A person can only be a member of one association.

The Malta cannabis law also includes support for minors who are found with cannabis. They will be recommended a care plan or treatment as opposed to facing arrest or criminal charges.

While the EU’s smallest member state, Malta is likely to be the first of a number of nations changing their cannabis laws after the UN last year reclassified cannabis to recognize its therapeutic uses.

Several countries in the EU have decriminalized cannabis for recreational or medical use under certain conditions including Spain and Italy more recently. Switzerland also has plans to implement a legal cannabis industry in the future, and Germany’s new government has announced plans to legalize the plant as well.

As the shifting narratives and stigmatization surrounding cannabis are broken down thanks to more scientific research and studies into cannabis that have been hindered for decades, more countries are beginning to recognize the potential therapeutic and recreational benefits of cannabis.

Weedmaps Releases First Data & Insights Report

by The Real Dirt | Nov 16, 2021 | 420 News, Blog, Business, Cannabis Business, Cannabis Law and Compliance, Cannabis News, Culture, Industry News, Legalization

Weedmaps releases first report on the state of the legal cannabis industry

WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, has released its first data and insights report, titled ‘Cannabis in America’.

This report shares current data and insights indicative of the marketplace, cannabis industry trends, cultural revelations, and the persistent questions at the center of the cannabis conversation in America today. It’s been almost ten years since adult-use cannabis was first legalized in Colorado, and the past 18 months have seen exceptional progress across the United States thanks to expanded legalization and market growth driving the industry to new heights.

View the full release here: https://www.businesswire.com/news/home/20211116005558/en/

“The insights from Weedmaps’ Cannabis in America report validate what we see every day: The stigma around cannabis is fading as it becomes more embedded in our culture and daily lives,” said Chris Beals, CEO of WM Technology. “This report highlights attitudes and trends within the industry by providing data and information directly from consumers – an important step as we work towards the goal of building a transparent and inclusive cannabis economy.”

Beals also added that, “Ultimately, this report represents the first steps of Weedmaps beginning to make its unparalleled levels of cannabis industry data available to policy makers, cannabis business holders and industry investors to help them make more informed and accurate decisions.”

Key takeaways include:

Cannabis delivery among Generation Z consumers increased by 125% year over year, with overall cannabis delivery increasing by 97%
The importance of social equity in the cannabis industry is growing, with 46% of cannabis consumers saying they want to patronize women-owned cannabis retailers, and 44% would like to give business to minority- or veteran-owned cannabis establishments
Cannabis use is being destigmatized, and 72% of cannabis consumers say that everyone or almost everyone knows they use cannabis
More than one-third, 36%, of Generation Xers believe cannabis is a good way to add tax revenue

Cannabis is big business as consumers are using and ordering more cannabis than ever before

The business of cannabis is entering a critical period as more states are backing cannabis-friendly measures, and efforts are being made towards federal legalization. The cannabis industry has become more sophisticated by appealing to new consumers and featuring distinctive brand elements often seen in more mature categories. New businesses, opportunities, and challenges continue to arise. Now, more than ever, cannabis means business.

Half (50%) of cannabis consumers said their consumption has increased since the start of the pandemic in March 2020. According to Weedmaps’ orders data, orders in H1 2021 increased by 55%, compared to H1 2020
While demand across categories remains consistent year over year, almost half (47%) of cannabis consumers believe edibles are becoming more popular. Millennials (ages 25-40) drove demand across categories for both H1 2020 and H1 2021, showing a slight preference for concentrates
The first half of 2021 saw a significant shift to cannabis delivery (60% vs. 40% in H1 2020)

Read Full Story from TMCNet

Colombia medical cannabis industry to see new opportunities

by The Real Dirt | Oct 25, 2021 | Blog, Business, Cannabis Business, Cannabis Law, Cannabis News, Culture, Growing, Industry News, Legalization, Medical Marijuana

Colombia medical cannabis production has begun thanks to new laws passed in July

Although marijuana cultivation has been legal since late 2016, for the past five years Colombian companies could only export active pharmaceutical ingredients (APIs) and therefore were banned from the most lucrative parts of the business.

In July, Colombian president Ivan Duque loosened regulations to allow the export of dry cannabis flowers, which accounts for more than 50% of the demand in markets like the US.

Thanks to that policy change, Colombian companies are now confident they can compete in the pharmaceutical markets in Europe and North America.

Favorable conditions

The Andean nation enjoys perfect conditions for the cultivation of marijuana: 12 hours of sunlight give way to 12 hours of darkness virtually every day of the year, with minimal seasonal change.

High altitude — Clever Leaves’ farm, in Boyacá, sits at 9,377 feet above sea level — means fewer pesticides are required to stem bacteria and disease than at lower altitudes, making it easier to grow organic products.

“If you think about it, greenhouses in other countries are trying to emulate the natural conditions we get here for free,” Clever Leaves’ president Andres Fajardo told CNN. “Your factor costs in terms of labor are significantly cheaper.”

Investment in Colombian medical marijuana has picked up, with the government reporting more than $250 million in foreign funding in the sector. The majority of those dollars come from international cannabis companies, mostly Canadian, that are partnering with Colombian producers to farm there.

Flora Growth, a Toronto-based firm listed on NASDAQ, has purchased 100 hectares of land — about 247 acres — in central Colombia. “I hope that over the next three-to-five years we are going to run out of land,” said Luis Merchán, a Colombian businessman who quit his job as a VP at Macy’s to become Flora’s CEO last year.

Flora estimates its production costs to be around $.06 per gram of dry cannabis flower, a fraction of the go-to price that ranges from $.50 cents and $2 in the US.

“Licenses here are also much cheaper than abroad, we are talking of $15,000 to $20,000 per license,” said Juliana Salazar, a private consultant involved in the Bogota cannabis industry. “And an initial investment of roughly $100,000 to start producing here, which is a lot of money in Colombia, but a smaller investment than if you look at Germany, Spain or the United States.”

Read Full Story on MSN

Nevada cannabis sales break $1 billion in 2021

by The Real Dirt | Oct 15, 2021 | Blog, Business, Cannabis Business, Cannabis News, Industry News, Legalization

Nevada cannabis sales broke a record in 2021

Nevada retailers sold more than $1 billion in medical and recreational marijuana over a one-year period, state officials announced on Wednesday.

The Nevada Cannabis Compliance Board (CCB) and the Nevada Department of Taxation released the data, which shows $1,003,467,655 in taxable cannabis purchases in Fiscal Year 2021, which ran from July 1, 2020 to June 30, 2021.

By contrast, total marijuana sales for the prior 2020 fiscal year amounted to $685 million.

The bulk of the marijuana purchases ($791,100,017) came from Clark County, where Las Vegas is located. Another $135,326,790 of cannabis was sold in Washoe County, with Reno being the major city in that jurisdiction. The $77,040,859 remainder came from other counties.

Ten percent of tax revenue from recreational cannabis sales will support pubic education funding, as prescribed under a bill that Gov. Steve Sisolak (D) previously signed.

“This is what Nevadans expected since the legalization of recreational marijuana,” the governor said in a press release about the new sales data. “Education remains one of my top priorities, and I’m proud to see promised tax revenue from cannabis sales directly funding our students and classrooms.”

Sisolak also signed a bill in June to legalize marijuana consumption lounges in the state.

The new social use license types statewide and giving consumers this option—especially in the tourist-centric state—could further boost marijuana and other tax revenues.

The governor has also committed to promoting equity and justice in the state’s marijuana law. Last year, for example, he pardoned more than 15,000 people who were convicted for low-level cannabis possession.

That action was made possible under a resolution the governor introduced that was unanimously approved by the state’s Board of Pardons Commissioners.