New York recently became the latest state to legalize adult use marijuana and on the heels of that announcement, governor Andrew Cuomo has announced the website launch for the New York State Office of Cannabis Management.
The website aims to educate the public on the OCM’s regulatory structure which, with the Cannabis Control Board, will oversee the licensure, cultivation, production, distribution, sale and taxation of medical, adult-use and cannabinoid hemp within New York State.
The website also offers resources for individuals seeking medical cannabis practitioners, caregivers and medical cannabis IDs It also provides businesses seeking licensure to participate in adult-use, medical and cannabinoid hemp industries.
“Legalizing cannabis was the first step in this historic endeavor to right the wrongs of the past,” Governor Cuomo stated.
“The Office of Cannabis Management’s website provides critical preliminary information pending the creation of the Cannabis Control Board about the future of this industry as well as resources for individuals and businesses seeking information on the future of cannabis in New York State. The website outlines the comprehensive reforms this legislation enacts, and I know will be a valued resource for many as we move forward.”
The adult-use cannabis industry in New York State has the potential to generate a lot of money for the state. Tax collections from the adult-use cannabis program are projected to reach $350 million annually. Additionally, there is the potential for this new industry to create 30,000 to 60,000 new jobs across the State.
The website for the New York State Office of Cannabis Management can be found here: https://cannabis.ny.gov/