Navigating New York's Cannabis Industry: Legalization, Licensing, and Compliance

The legalization of cannabis in New York through the Marijuana Regulation and Taxation Act (MRTA) on March 31, 2021, marked a significant shift in the state's approach to cannabis regulation. This course provides a comprehensive overview of the MRTA, the licenses available in New York, the application process, and the key considerations for operating within the legal framework of the state. Participants will gain valuable insights into the intricacies of New York's cannabis industry, including regulatory challenges, compliance requirements, and best practices for ensuring a successful venture in this rapidly evolving market.

Learning Objectives:

1. Review the background and objectives of the MRTA, including its focus on restorative justice and social equity
2. Identify the different types of licenses available in New York for cannabis businesses, including cultivator, processor, distributor, micro business, and retail dispensary licenses
3. Describe the application process for obtaining a cannabis license in New York, including the required documentation and disclosures
4. Discuss the financial disclosures required for cannabis licenses in New York, including the definition of true parties of interest (TPI) and exceptions for certain investors
   
5. Analyze the restrictions on real estate, retail locations, and advertising for cannabis businesses in New York, including proximity requirements, municipal regulations, and compliance measures