A workers' compensation safety committee is being formed for the New York cannabis sector. McNeil's founder and president, Daniel McNeil, stated that the newly created safety organization will provide "a platform for prosperity and success for New York cannabis enterprises of all sizes and backgrounds." McNeil & Co. and the Cannabis Association of New York have joined the New York State Insurance Fund to give cannabis businesses a long-term insurance alternative.
Meanwhile, the Empire State is moving closer to legalizing recreational marijuana. The state's cannabis regulatory authority recently approved emergency lab testing requirements and began the testing facility application process. The decision also follows the announcement by the New York Office of Cannabis Management that it would start accepting applications for Conditional Adult-Use Retail Dispensary (CAURD) licenses on August 25.
MMNFF MMEN, even though a portion of the money is intended to assist individuals afflicted by the federal government's so-called War on Drugs, many operators who actively advocate and support social fairness are perplexed. However, with entry costs into the state's recreational market rising to $20 million, multi-state operators (MSOs) are concerned. AAWH stands for Ascend Wellness Holdings Inc. AAWH, for example, recently abandoned its proposal to acquire MedMen Enterprises Inc.'s New York business.
"It needs to be founded in market economic realities," Ngiste Abebe, president of the New York Medical Cannabis Industry Association and CCHWF executive at Columbia Care, recently told the New York Times. Meanwhile, New York City Mayor Eric Adams and SBS Commissioner Kevin D. Kim recently announced the establishment of Cannabis NYC, a bundle of services designed to facilitate the equitable growth of the cannabis business in the Big Apple.
Featured Image: Megapixl @Smontgom65
