New York state has been in a strange state of legal limbo since cannabis was legalized there last spring. Criminal penalties for simple possession have been lifted, and those for home cultivation within permitted limits are set to be removed by the end of summer 2022. But as of yet, there is no regulatory structure in place for licensing and oversight of a commercial sector and unregulated cannabis sales are booming. Tremaine Wright, chair of the state’s newly formed Cannabis Control Board last week told local news site Gothamist that the regulations would be issued “this winter or early spring.” Some, however, have not been waiting. Last summer, New York City witnessed an explosion in cottage-industry (or perhaps apartment-industry) mini-businesses—with bud, edibles and other cannabis products being hawked from tables set up in parks and sidewalks. Many of these were actual licensed businesses, but not licensed cannabis businesses, because no such licenses exist yet. Generally, these outfits avoided calling monetary transactions “sales,” saying the cannabis product was being offered in exchange for a “donation,” or as a “promotion” for the purchase of other (very overpriced) merchandise.

Cannabis Now, Cannabis Now, 01/16/2022 08:00:00

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