June 4 - 5, 2025
Javits Convention Center

Interview with Renata Serban, CPA (& more!)

Fall Season. Back to School.
Back to Business.

The Fall season is just starting, students are back at school, and businesses are shoring up their planning.

In this Newsletter we feature Renata Serban, with a brief follow-up conversation from her podcast earlier this week.*

Renata Serban, a Certified Public Accountant and Certified Management Accountant is an award-winning cannabis accountant and Founder/CEO of Highly Elevated CPA. Renata has a wide-ranging background in many disciplines, including chemical engineering and finance, making her eminently qualified to advise cannabis entrepreneurs and guide their businesses forward. 
Renata Serban, CPA
Q: CWCBExpo – You moderated a session at our conference in New York this past June.* It was about how technology can impact a cannabis business. You have a technical background which made you the perfect moderator for the session, “High Tech: How Technology Can Drive Your Business.”  You hold an engineering degree, you are a CPA, and you founded your own firm – Highly Elevated CPA – where you are an advisor, CPA tax specialist, and compliance expert to cannabis business owners.

With such a background and experience, when you advise new and existing entrepreneurs, how do you recommend they plan their finances for profitability, growth, and compliance while capital may be scarce?

A: Renata – My overall recommendation, and many business people will agree with me, is that before you start a business you need a business plan. For some reason, many start-up cannabis operators are ignoring it.

During the process of development of the business plan an entrepreneur will identify and analyze many aspects of business operations. For example, if it’s cultivation, what is the size of the lot or area where the plants will be grown, how many harvests will be during a year, what is the selling price per pound, how many employees are needed, what is the cost of build out, what are the other costs needed for getting the product ready for sale, who are the competitors, who are the potential partners?

When going through all of these thoughts an entrepreneur can have a much better idea how much funding is needed, what compliance is necessary since a business plan has to be tailored to cannabis regulations, and estimate potential growth by predicting how the market will move with time.

Scarce capital is always an issue not just for cannabis operators but for many other industries. Yes, there are more loans available for non-cannabis industries but many banks prefer operational businesses and very often the start-up non-cannabis businesses also struggle with capital raise.

Having a solid business plan with detailed financial projections is a must for any capital raise. Strong consideration also has to be given to strategic partnerships with other businesses.

“My overall recommendation is that before you start a business you need a business plan. For some reason many start-up cannabis operators are ignoring it.”

Once the company becomes operational, the profitability, growth and compliance is really driven by staying on top of the operations. I’m frequently seeing that some business owners in their first months of operations are over-hiring and over-ordering products. I always recommend starting lean with a smaller team and then gradually grow as needed. The same with products, start with small inventory, see how it goes and then increase purchases as needed.

All processes within the business need to be clearly identified so everyone knows their own responsibilities and has tools to perform those responsibilities. Automating as much of business operations as possible is important for efficient operations.

The marketing and advertising regulations in cannabis are a serious issue to consider when developing brand awareness and attracting foot traffic to the store. Dispensary owners need to think about brand development before the store is open, and they must constantly stay on top of their branding strategy once operations begin.

Prioritizing cash flow management, focusing on customer retention, efficient operations and reviewing financial metrics on a regular basis (at least monthly) are really the keys to growth. 

“Prioritizing cash flow management, focusing on customer retention, efficient operations and reviewing financial metrics on a regular basis are really the keys to growth.”

Q: CWCBExpo – You have great experience with one of the largest CPA firms that serve the industry, and you now own your own firm, Highly Elevated CPA. What advice can you give to anyone looking to go out on their own after working for a large corporate company? What steps do you recommend for them to take prior to branching out on their own?

A: Renata – The profession of accounting is currently evolving. There is a shortage of qualified accountants which is due to many factors. Some of them are declined enrollment in accounting programs, high educational requirements along with the complicated CPA exam, stress due to complex compliance rules and long hours during the busy season.

My professional accounting background is very diverse and unique. Back in the day, many CPAs working for public accounting firms would eventually move to private accounting where they would work on accounting just for one company. Nowadays, the trend is in the opposite direction. Many public accounting firms prefer to hire accountants from the private sector since these professionals would most likely know not just accounting, but operations as well. This type of work experience is very useful in public accounting firms which makes them great advisors. This was my path decades ago. I moved from being a controller for a realty management firm to being an accountant at a CPA firm.

The size of the CPA firm is also very important and I was fortunate enough to work for small firms, mid-size and larger accounting firms. The experience was very different at each firm due to the size. At each firm I learned a lot.

Starting your own business is a very challenging and a risky task. Having good technical skills is not enough when branching out on your own. As a business owner you also have to understand that you need to bring new clients. So the main recommendation before you decide to branch out is to have a good business network and have your name out there. There are many super smart accountants that don’t know how to do business development.

It’s also important to identify the goals for your firm, who will be the ideal client for the firm, what services should be provided, how many clients are enough, the infrastructure of the firm, etc.**

“As a business owner you also have to understand that you need to bring new clients. So the main recommendation before you decide to branch out is to have a good business network and have your name out there.”

* Visit CWCBExpo’s “Highest: In The Room” podcast to hear more from Renata Serban.

In the September 26 podcast, KymB gets down and real and specific with Renata about rescheduling, business planning, and the critical importance of proper accounting practices.

** Learn more about the technology to consider in your business plan. In this newsletter we feature a hot business topic from the 10th Annual CWCBExpo 2024 Conference: “High Tech: How Technology Can Drive Your Business.”  Hear about seed-to-sale software, humidity control, pre-roll machinery, vape battery technology, and of course, the impact these have on the bottom line. This session was moderated by Renata Serban, Founder and CEO of Highly Elevated CPA.

(More info and the link to watch this video are at the bottom of this newsletter.)

Rescheduling
Rescheduling Update – Prior 280-E Debts Will be Enforced

In our August newsletter, we highlighted that the Drug Enforcement Administration has delayed Rescheduling cannabis from Schedule I to Schedule III and has set a hearing for December 2, 2024. The stated reason for the delay is that they need to gather more information before a decision is made. Luke Ortner, Senior Counsel, IRS, Office of Chief Counsel, appeared as a keynote speaker in the American Institute of CPAs® and the Chartered Institute of Management Accountants® Cannabis Conference. The senior Counsel was questioned and commented on a variety of issues surrounding the taxation impact on rescheduling. One point made was that the 280-E tax policy will continue to be enforced until rescheduling is completed, and any eventual removal of 280-E is not likely to be retroactive, meaning that any past due IRS debts regarding 280-E are likely to remain collectable liabilities.

New York State Cannabis News
New York State Office of Cannabis Management, Cannabis Control Board

This month the NYS Office of Cannabis Management (OCM) announced and issued for use a new tool called the Legal Online Cannabis Activities Locator (LOCAL) Map. It is geared to streamline the licensing process and allow for transparency. It also is trying to save applicants money by not having to engage third party services during the application process. In their announcement, the OCM highlighted several aspects of this LOCAL Map tool including that it helps applicants and businesses to:

  • Evaluate retail locations
  • Check municipal opt-out statutes
  • Access data for cannabis licensing in NYS

The LOCAL Map tool has both an Industry-Focused Map tool and a Consumer-Focused Map tool geared as follows:

  • The Industry-Focused Map tool is meant for applicants, licensees and stakeholders, and can provide proximity reports, search licenses and provide the data needed to meet regulatory requirements
  • The Consumer-Focused Map tool is a dispensary locator map that locates the nearest legal dispensary in New York
NYS Market Update

There is some very positive news about retail sales in NYS. The NYS Cannabis Advisory Board (CAB) held a meeting on September 24th, and John Kagia, the NYS OCM Director of Policy, provided some sales data on the NYS retail market. Kagia asserted that the revenue outlook by year’s end is quite good and could approach $800MM.

  • The total retail sales in August closed in on $100MM
  • The total retail sales is projected to be over $500MM by the third quarter

Much of the good sales news was helped by the opening of more licensed dispensaries combined with the crack down on illegal shops, which substantially helped the legal dispensary sales.

New York State Government

Congratulations to These Recent Adult-Use Dispensary Openings

It is noteworthy is that as of September 24, 2024, the OCM reported that 197 legal Adult Use dispensaries have already opened for business. They project that 200 total dispensaries will be opened by the end of September.

Valley Greens
PEEKSKILL | 939 Central Ave, Peekskill 10566
Website: https://valleygreensny.com

Greens Greenery
UNADILLA | 54 State Highway 357, Unadilla 13849

High Peaks Canna
SARATOGA SPRINGS | 137 Maple Avenue, Saratoga Springs 12866
Website: https://highpeakscanna.com

Royal Blend Dispensary
KINGSTON | 2223 NY-32, Kingston 12401
Website: https://royalblenddispensary.com 

Alto on Chambers
NEW YORK CITY | 110 Chambers St, New York 10007
Website: https://altocanna.nyc

HighLife Health
NEW ROCHELLE | 19 Huguenot Street, New Rochelle 10801
Website: https://highlifehealth.co

ZenZest
STATEN ISLAND | 2343 Forest Avenue, Staten Island 10303
Website: https://zenszest.com

Lifted
JAMESTOWN | 320 North Main Street, Jamestown 14701

Bodega Express***
NEW YORK CITY | This is a Temporary Delivery Only (TDO) location.
No in-person or pre-order sales are allowed at this location.
Website: https://bodegaexpressny.com

Sparkboro
WASHINGTON HEIGHTS | 704 W 177th Street, New York 10033
Website: https://sparkborony.com

High Stone*
*Transitioned from Temporary Delivery Only (TDO) to Brick & Mortar location
STATEN ISLAND | 1938 Clove Road, Staten Island 10304
Website: https://highstone.nyc

State of Mind Dispensary
LATHAM | 521 Troy Schenectady Road, Latham 12110
Website: https://itssom.com

Gotham Hudson
LATHAM | 260 Warren Street, Hudson 12534
Website: https://gothamnyc.com

White Atmoss
NEWBURGH | 136 Lake Street, Ste 2, Newburgh 12550
Website: https://whiteatmoss.com

Nuna Harvest
MT VERNON | 696 Locust Street, Mt Vernon 11552
Website: https://nunaharvest.com

Beleaf BK
BROOKLYN | 1077 Atlantic Ave, Brooklyn 11238
Website: https://beleany.com

Leaf Plug
AMHERST | 3341 Sheridan Drive, Amherst 14226
Website: https://leafplug.com

Brooklyn Bourne
BROOKLYN | 2223 Church Avenue, Brooklyn 11226
Website: https://brooklynbourne.com

Bleu Leaf Dispensary
BRONX | 2034 Jerome Avenue, Bronx, NY 10453
Website: https://bleuleafdispensary.com

Ether
BUFFALO | 5100 Genesee Street, Buffalo 14225

The Highly Connected Dispensary
ITHACA | 423 Franklin Street, Ithaca 14850
Website: https://thehighlyconnected.com

Etain Kingston
KINGSTON | 445 State Route 28, Kingston 12401
Website: https://etain.com

Reef Dispensary
GREENFIELD CENTER | 2532 Route 9N, Greenfield Center 12833
Website: https://reef-dispensary.com

Satisfied Mind
NORTH TONAWANDA | 31 Webster Street, North Tonawanda 14120
Website: https://wnymind.com

Frass Box
BRONX | 3633 Kingsbridge Avenue, Bronx 10463
Website: https://frassboxcannabis.com

Luxus Botanica
ROME | 8234 Turin Road, Ste 1, Rome 13440
Website: https://luxusbotanica.com

Verilife East Syracuse
EAST SYRACUSE | 5841 Bridge Street, Ste 100, East Syracuse 13057
Website: https://verilife.com/ny/locations/east-syracuse

Sweetlife
MANHATTAN | 1662 First Avenue, New York 10028
Website: https://sweetlife.nyc

New Jersey Cannabis News

New Jersey Seeking Stakeholder Input on Medical Cannabis

Coming up on October, 1, the New Jersey Cannabis Regulatory Commission will have its final virtual session to seek input from stakeholders of medicinal cannabis. They seek participation from healthcare providers, patients, and business owners. They already held three such virtual meetings. These meetings are run by the Product Safety, Packaging, and Labeling Committee , and Permitting and Licensing Committee, and are scheduled as follows:

  • All meetings are currently scheduled for 11:30AM – 12:30PM each of those dates
  • These sessions are being organized by the NJCRC’s Commission on Public Engagement and Education Committee
  • The final roundtable session, scheduled for October 1, will be focused on Permitting and Licensing Committee issues.

If you want to participate, click here. Invitations are required in order to participate, and you will need to fill out an invitation request form.

NJ Cannabis Regulatory Commission

New Jersey Governor Phil Murphy Signs Hemp Bill

Governor Phil Murphy signed a bill that regulates the hemp market for intoxicating hemp products and prohibits the unauthorized sale to anyone under the age of 21.

National Cannabis News

DOOBIE Act

This month, the Senate Homeland Security and Government Affairs Committee approved the DOOBIE Act: Dismantling Outdated Obstacles and Barriers to Individual Employment. The DOOBIE Act is important because it limits the ability for federal agencies to use past cannabis usage against applicants getting security clearance or getting federal employment. This will certainly help to minimize the discrimination that applicants who use cannabis get when applying for federal jobs that require security clearances. Those applicants can no longer be disqualified solely due to prior cannabis use.

State Ballot Measures this November

Many states have cannabis ballot measures in this election and with early voting, things are already started. All cannabis industry businesses should stay up to date on the various measures that are now being voted on.

Nixon Recordings

The War on Drugs that Nixon unleashed needlessly created decades of injustice to people of the United States. Recently, it was uncovered that Nixon recorded, in his own words, his acknowledgment that marijuana is not dangerous. This revelation was recently found in his recordings that he kept private.

Pickleball Anyone?

Truleive Cannabis Corp. announced in a press release they forged a partnership with the Professional Pickleball Association (PPA), and with MLP by Margaritaville (Major League Pickleball).

This is an early example of a cannabis company sponsoring a sports league.

Germany Cannabis News

Germany’s Legalization

In our February Newsletter we highlighted that Germany legalized limited recreational use. Their plan sought to make it accessible through regulated cannabis non-profit groups with stringent rules regarding possession, age requirements, and grow restrictions among the members. It seems that the illicit markets there, are having a boom of their own while the German plan gets implemented. Several factors have impacted Germany’s legal recreational market.

THIS MONTH’S CWCBExpo NY 2024 ARCHIVED VIDEO

High Tech speakers (from the left) Renata Serban, Luna Stower, Dawne Morris, Dr. Sandra Shen, and Anthony Pagni
High Tech session speakers (from the left) Renata Serban, Luna Stower, Dawne Morris, Dr. Sandra Shen, and Anthony Pagni CWCBExpo NY 2024

High Tech: How Technology Can Drive Your Business

This is a discussion about how technology should figure into your cannabis business. We explore how technology affects your ROI and the aspects that can make a difference.

The session is brimming with cannabis business innovators, technologists, and entrepreneurs discussing how technology could impact your business plan and how it can make a difference for your business success. Moderated by Renata Serban, Founder and CEO of Highly Elevated CPA, and joined by iconic leaders from various sectors, this session delivered a very energetic and informative approach on how tech can and will drive your business.

Moderated by Renata Serban, Founder, CEO, Highly Elevated CPA, with: Dawne Morris, CEO and Co-founder of PROTEUS Business Solution; Anthony Pagni, Founder & Co-Owner Perfectionist Rolling Equipment, Managing Partner, Aephex, Automated Pre-Roll System; Dr. Sandra Shen, Founder, ATMOSIScience Inc; Luna Stower, Chief Impact Officer, Ispire Vape Technology.

Don’t miss out. Get prime exhibit space now.

CWCBExpo, 11th Annual
June 4 – 5, 2025
Javits Convention Center, NYC

 

Original Queens of Cannabis, 2024

Hot Summer. Hot Topics. Hot Entrepreneurs.

Hot Summer. Hot Topics.
Hot Entrepreneurs.

The OQs, June 2024
The OQs, June 2024, (from the left) Tanya Osborne, Saki Fenderson, Britni Tantalo, Jessica Naissant, and Kymberly "KymB" Byrnes

The Hottest Entrepreneurs

In this newsletter, we are delighted to share a hot topic from the 10th Annual CWCBExpo 2024: “Journey to Legitimacy: The OGs and OQs of Cannabis.”

This session is steaming hot with our industry’s bravest, courageous and committed who are building and transforming the industry legally, legitimately and enthusiastically. These entrepreneurs and business owners share their stories with passion and heart. Be sure to watch this poignant session of our lovable and remarkable Original Gangsters and Original Queens on their individual journeys to legitimacy.

Read more about these sessions at the bottom of this newsletter.

The OGs, June 2024
The OGs, June 2024 (from the left) Christopher Louie, Hawaii Mike Salman, Coss Marte, Puma Robinson, and Jayson Tantalo
Federal Regulatory Cannabis News

Rescheduling Decision Delayed

The Drug Enforcement Administration (DEA) has delayed Rescheduling cannabis from Schedule I to Schedule III and has set a hearing for December 2, 2024. As we reported in our July Newsletter, the public comment period terminated with the DEA receiving over 40,000 comments. Now, Administrator Anne Milgram set a hearing to gather even more input before a decision is made. Who is going to attend this hearing? Who is going to present reasons for and against rescheduling at this hearing?

NORML
New York State Cannabis News
New York State Governor Kathy Hochul Announces Shutdown of Over 1,000 Illicit Shops

Governor Kathy Hochul is keeping her commitment to shutting down illicit cannabis shops across New York. Heading into August, Governor Hochul reported that she and NYC Mayor Adams successfully shuttered more than 1,000 illicit shops statewide. This action has helped increase  sales for the legal shops. Seizures of illegal products are estimated to have been worth over $63MM.

“I am pleased to join Mayor Adams and other officials to celebrate a milestone and recognize the enforcement teams who shut down more than 1,000 unlicensed stores statewide, bringing us closer to our goal of building the strongest, most equitable cannabis industry in the nation.”

– NYS Governor Kathy Hochul

New York State Government
Licensing News from the Office of Cannabis Management, Cannabis Control Board

The New York State Cannabis Control Board (CCB) held a board meeting August 6th and the meeting minutes reported that the cannabis industry is thriving with legal dispensary openings across the state. Cannabis sales are increasing as more illicit shops get shut down. Some notable assertions and resolutions from the August 6th meeting minutes include:

  • Social and Economic Equity Update
  • Enforcement Update
  • Market Update*
  • Adult Use Application Review
  • Public Comments

*It says NYS legal cannabis sales surpassed $492M.

NYS OCM Office of Cannabis Management

Congratulations to These Recent Adult-Use Dispensary Openings

Purple Owl Dispensary
WHITE PLAINS | 405 Mamaroneck Avenue, White Plains 10605
Website: https://thepurpleowldispensary.com/

RISE Dispensary East Syracuse
EAST SYRACUSE | 6701 Manlius Center Road, East Syracuse 13057
Website: https://risecannabis.com

IGNYTE
WHITE PLAINS | 145-18 14th Avenue, White Plains 11357
Website: risecannabis.com

LotusWorks Wellness
BEACON | 251 Main Street, Beacon 12508
Website: https://lotusworkswellness.com

400 River Dispensary
TROY | 400 River Street, Troy, 12180
Website: https://400rivertroy.com

Chronic Brooklyn
NEW YORK CITY | 483 3rd Avenue, Brooklyn 11215
Website: https://chronicbrooklyn.com

Green Philosophy 716
WEST SENECA | 101 Slade Avenue, West Seneca, 14224
Website: https://gp716.com

Cannadreams
NEW YORK CITY | 862 9th Avenue, New York 10019
Website: https://cannadreams.nyc

NUG Yonkers
YONKERS | 2371 Central Park Avenue, Yonkers 10710
Website: https://nug.com/nug-cannabis-yonkers

Treehouse Cannabis

NYACK | 28 Route 59, Nyack 10960
Website: https://treehousecannabis.com

County Road Cannabis
HUDSON VALLEY | 1326 CR-12, New Hampton 10958
Website: https://countyrdcannabis.com

KushKlub NYC
NEW YORK CITY | 186 Orchard Street, New York 10002
Website: https://kushklub.com

Salmon River Cannabis Company
PULASKI | 3808 State Route 13, Pulaski 13142
Website: https://salmonrivercannabis.com

Happy Munkey
NEW YORK CITY | 151 Dyckman Street, New York 10040
Website: https://happymunkey.com

The People’s Joint
SCHENECTADY | 501 State Street, Schenectady 12305
Website: https://thepeoplesjoint.com
 

New Jersey Cannabis News

New Jersey Seeking Stakeholder Input on Medical Cannabis

This September and October, the New jersey Cannabis Regulatory Commission will host scheduled virtual sessions that seek input from stakeholders of medicinal cannabis, including healthcare providers, patients, and business owners.

There will be four such virtual meetings. The meetings will be roundtables led by the Product Safety, Packaging & Labeling Committee, the Permitting & Licensing Committee, and the Public Engagement & Education Committee.

Stakeholders are invited to share feedback with the Board on key issues related to regulation, patient access, and institutional care in New Jersey.

The meetings are scheduled 11:30 am to 12:30 pm on each of the following dates:
  • September 5
  • September 23
  • September 25
  • October 1

The sessions will each be focused on specific topics, so make sure you check for more information.  Click here to get the full listings.

If you want to participate in any of the meetings, click here. (Invitations are required in order to participate, and you will need to fill out an invitation request form.)

NJ Cannabis Regulatory Commission
Ohio Cannabis News

Ohio Cannabis Sales are Hot

On August 6th, Ohio started its Adult Sales and right out of the starting gate, sales were hot. In its first week it passed $11.5MM and continued its successful climb since. Combined medical and Adult Use is expected to be a billion dollar market.

Read the story from the Cannabis Business Times.

Cannabis Business Times
Ukraine Cannabis News

Medical Cannabis Available

As of August 16th, medical cannabis was made available in Ukraine to veterans with post traumatic stress disorder and patients with serious illnesses. We reported in previous newsletters that President Zelensky signed into law a bill legalizing medical cannabis on February 15, 2024. Distribution of medical cannabis will be controlled by the government. Patients with a prescription from a doctor for qualifying conditions can now buy the drug legally.

 

THIS MONTH’S CWCBExpo NY 2024 ARCHIVED VIDEO

OGs, June 2024
OGs, June 2024, (from the left) Hawaii Mike Salman, Jayson Tantalo, Coss Marte, Puma Robinson, and Christopher Louie

Journey to Legitimacy: The OGs and OQs of Cannabis

This exciting session is being featured in two segments that share the journeys of those who started with illicit cannabis business practices and have pivoted to building legal cannabis businesses.

Hear the personal and poignant stories from “OGs” (original gangsters) and “OQs” (original queens) and learn about their journeys to legitimacy. Their stories are impactful and are not to be missed.

Segment 1: Journey of the “OGs”
Moderator: Hawaii Mike Salman, Founder, Chef for Higher
Speakers: Christopher Louie, Co-Founder, Made in Xiaolin; Coss Marte, Founder ConBud, Entrepreneur; Puma Robinson, Entrepreneur, Actor, Music Producer; Jayson Tantalo, Co-Founder & COO, Metavega Corp., Flower City Hydropoincs, and Flower City Dispensary, Co-Founder & VP of Operations, New York Cannabis Retail Association

Segment 2: Journey of the “OQs”
Moderator: Tanya Osborne, Founder & CEO, The CannaDiva
Speakers: Kymberly Byrnes, Co-Founder & Chief marketing Officer, TribeTokes; Saki Fenderson, Speaker, educator, community activist; Jessica Naissant, Owner, CEO, Wake & Bake Café; Britni Tantalo, Co-Founder and President, New York Cannabis Retail Association; Co-Founder and President of Flower City Dispensary

OQs, June 2024
OQs, June 2024, (from the left) Tanya Osborne, Saki Fenderson, Britni Tantalo, Jessica Naissant, and Kymberly "KymB" Byrnes

Don’t miss out. Get prime exhibit space now.

CWCBExpo, 11th Annual
June 4 – 5, 2025
Javits Convention Center, NYC

 

Cy Scott, CEO, Headset

Where is the Industry? What Will Happen With Rescheduling? The Comment Period is Over.

The Future is Upon Us. Where is the Industry?
What Will Happen With Rescheduling?
The Comment Period is Over.

What is the Drug Enforcement Agency (DEA) going to do now?

In our May and June newsletters we noted that the DEA was accepting public comments on rescheduling cannabis from Schedule I to Schedule III. The public comment period is now over. The DEA has over 40,000 comments to sift through. What will the DEA do? What is a likely outcome? And will the impending election have any impact if the DEA does not have a decision or has not taken action prior to the election?

According to the latest HEADSET analysis, 94% of respondents favored rescheduling or descheduling cannabis.

Read the latest from HEADSET.

HEADSET’s Cy Scott delivered the Industry Update at CWCBExpo New York on June 5.  At that time, the comments were already overwhelmingly favorable for rescheduling or descheduling.  Listen to Cy’s entire presentation on this month’s archived video.

“If they take these comments seriously and really take into account what the people are saying, this is pretty overwhelming, right?

“You’re going to see new investors coming in, new opportunity, and more capital available, which is good, especially for an emerging market like New York.”

– Cy Scott, at CWCBExpo, June 5, 2024

HeadSet
Cy Scott, Co-founder. CEO, Headset
New York State Cannabis News

Licensing News from the Office of Cannabis Management (OCM), Cannabis Control Board (CCB) 

 

  • Issuing more licenses across several categories bringing the total for 2024 to 730
  • Amendments to packaging, labeling and marketing regulations for licensees
  • Ongoing efforts to padlock illicit shops across NYC and NYS
New York State Government

At the meeting, the CCB asserted that the cannabis industry in NYS is thriving and growing and that cannabis sales in 2024 will reach $200MM by this June. They said that to date, NYS cannabis sales have surpassed $420MM.

NYS OCM Office of Cannabis Management

Recent Adult-Use Dispensary Openings

Just A Little Higher Murray Hill
NEW YORK CITY | 628 2nd Avenue, New York 10016
Website: justalittlehigher.com

 

Stoops NYC
NEW YORK CITY | 182 Fifth Ave, New York 10010
Website: stoopsnyc.com

 

RISE Dispensary Halfmoon
HALFMOON | 1675 Route 9, Watkins Plaza, Halfmoon 12065
Website: risecannabis.com

 

Riverbend Dispensary
HUDSON | 531 Warren Street, Hudson 12534
Website: riverbenddispensary.com

 

Happy Times Cannabis Co.
CHEEKTOWAGA | 3807 Harlem Road, Cheektowaga 14215
Website: happytimescannabis.com

 

Silver Cannabis Company
SARATOGA SPRINGS | 75 Weibel Avenue, Saratoga Springs 12866
Website: silver-therapeutics.com/location/saratoga/

 

Twisted Cannabis FLX
GENEVA | 501 Exchange Street, Geneva 14456
Website:
twistedcannabisflx.com

 

Kings House of Fire
CORTLANDT MANOR | 3006 E Main Street, Cortlandt Manor 10567
Website: kingshouseoffire.com

 

Green Genius NYC
NEW YORK CITY | 214 3rd Avenue, New York 10003
Website: greengeniusnyc.com

 

Cussin’s Cannabis
SCHENECTADY | 2075 Central Avenue, Schenectady 12304
Website: cussinscanna.com

 

Polanco Brothers Ridgewood
NEW YORK CITY | 6633 Fresh Pond Road, Ridgewood 11385
Website: polancobrothersridgewood.com

 

Herb-Z
NEW YORK CITY | 109 E Taft Road, North Syracuse, 13212
Website: herb-z.com

 

Robinson’s Dispensary
ALBANY | 106 Everett Road, Albany, 12205

 

Arkansas, Nebraska and North Dakota Cannabis News

New Ballot Measures

Cannabis advocates in several states organized and gathered signatures to get legalization measures on their 2024 state ballots. The advocates in three states, Arkansas, Nebraska and North Dakota, had more than enough signatures to get the respective measures on the ballots. Arkansas and Nebraska seek medical ballot measures while the North Dakota ballot measure supports adult-use legalization.

NORML
Delaware Cannabis News

Transitioning Dispensaries from Medical to Adult Use

Delaware Governor John Carney signed a legislative bill that allows a pathway for medical licensees and dispensaries to transition to adult-use operators. That pathway has fees to transition. The bill is meant to catapult the development of the adult-use cannabis market.

South Africa Cannabis News

South Africa Works to Build its Cannabis and Hemp Sectors

In November of 2023, CWCBExpo editors visited the South African Consulate in New York City to discuss developing a cannabis industry. CWCBExpo has  been following that country’s cannabis progress since our visit. Here are the latest developments.

South Africa has embarked on several priorities for their country’s Investment Strategy that will spur job creation and growth, and foster recognition of people’s rights.

This past spring, South African President Ramaphosa took significant action regarding the Cannabis and Hemp sectors. In May, President Ramaphosa signed a law called the Cannabis for Private Purposes Act (CfPPA) which regulates the cultivation, possession and use of cannabis by adults in private settings. It also removed cannabis from their Drugs and Drug Trafficking Act. The President’s action opens up the medical market even further for the medicinal cannabis and for further regulatory opportunity for cannabis use among adults.

President Ramaphosa’s actions continued in June when he took the results of a Phakisa that explored the Cannabis and Hemp sectors. A “Phakisa” is a targeted program that seeks to fast-track the government’s targets and goals that help business, education, society and government. The Phakisa for cannabis and hemp brought stakeholders together from several groups. The goal was to develop a cohesive plan to define policy and get various sectors of the South African government to work together to build a meaningful regulatory program for the cannabis and hemp sectors.

President Cyril Ramaphosa
Art installation of South African record labels inside the South African Consulate in New York City, November 2023
Art installation of South African record labels inside the South African Consulate in New York City, November 2023.

THIS MONTH’S CWCBExpo NY 2024 ARCHIVED VIDEO

Industry Update by Cy Scott:
“Trends, Challenges and Opportunities –
Why New York is the Market to Watch in the Midst of Rescheduling”

This Industry Update, recorded at CWCBExpo on June 5, 2024, gives us a big-picture overview of the adult-use market across the United States including the implications of rescheduling from a Schedule I to a Schedule III classification. Also addressed are growth market trends, consumer behavior preferences and sales of different form factors. The data and analytics focuses on the New York Market and why you should put it front and center in your sights. This is a not to be missed market analysis.

Presented by Cy Scott, Co-Founder, CEO, Headset, with Tim Seymour, Portfolio Manager, CNBS Cannabis ETF; Co-Host, CNBC Fast Money.

Cy Scott and Tim Seymour, June 5 2024 at CWCBExpo NY

((from the left) Cy Scott and Tim Seymour

Don’t miss out. Get prime exhibit space now.

CWCBExpo, 11th Annual
June 4 – 5, 2025
Javits Convention Center, NYC

 

Tim Seymour, NY 2023

10th Annual CWCBExpo Returns with Expanded Experiences, Education, Networking

Press Release – May 30 2024

CWCBExpo, 11th Annual
June 5 – 6, 2024, New York City, Javits Convention Center
10th Annual CWCBExpo Returns to New York, June 5 & 6 with Expanded Show Experiences, Education, and Networking Opportunities

Updates on Rescheduling Part of the Agenda & New Partnership with Cannabis Workforce Initiative

 

(New York, NY, May 2024)—The leading East Coast cannabis conference and trade show, CWCBExpo, returns to the Javits Convention Center, June 5-6, 2024 with immersive exhibit floor experiences, top education as well as plenty of business building opportunities and after parties. This year CWCBExpo has partnered with the New York Cannabis Workforce Initiative (CWI) offering attendees a unique opportunity to connect with leading employers in the rapidly growing cannabis industry in the New York Cannabis Workforce Pavilion.

“CWI is proud to partner with CWCBExpo to showcase our workforce development and legal educational programs as well as platform colleges that have cannabis curriculums. There is no better forum for CWI to promote our services that prioritizes diversity, equity, quality jobs and career paths in this emerging cannabis industry.” said David Serrano, Project Manager, Cannabis Workforce Initiative. “We also look forward to hosting a Job Fair at CWCBExpo for anyone interested in employment and career paths.”

CWCBExpo New York will also offer expanded educational opportunities including two pre-show in-depth workshops on Dispensary Ownership & Operations Bootcamp and Cultivation: Licensing, Technology & Operation led by subject matter experts, Sara Gullickson, Founder & CEO, Cannabis Business Advisors; and David Fettner, Co-Founder, Grow America, LLC, respectively.

There are also a diverse range of curated sessions taking place on Wednesday and Thursday that will feature speakers with unique expertise, all aimed at providing the essential knowledge and insights to elevate and grow businesses as well as provide updated rescheduling insight. Topics include an Industry Update: “Trends, Challenges and Opportunities – Why New York is the Market to Watch in the Midst of Rescheduling;” by Cy Scott of Headset; a Fireside Chat with Tremaine Wright, Chair, New York State Cannabis Control Board; “Cannabis Retail Marketing in the Digital Age;” “High Tech: How Technology Can Drive Your Business;” and “The Journey to Legitimacy: The OGs and OQs of Cannabis.”

Additional special features include a Fireside Chat with Industry Icon, Josh Kesselman, Founder and CEO of HBI International/RAW Rolling Papers and a Women in Cannabis Luncheon that includes a Fireside Chat with Dawne Morris, Founder, CEO, Proteus420 and a panel on “Entrepreneurship While Female: Motivated, Intelligent. And Successful.”

A hallmark of the CWCBExpo New York events are the ample business-building opportunities including the B2B Bash Rooftop Party and Norml Forml on June 4th, the Industry Yacht Party on June 5th, NYCRA’s After Party on June 6th and Cannabis Week events and promotions that bring the industry together.

“This is the year that CWCBExpo celebrates the community, the industry, our clients, and all the newcomers who’ll be joining in—the industry is about to grow again,” said Christine Ianuzzi, CEO, CWCBExpo.

CWCBExpo New York will also have a dynamic expo floor with the most innovative product, service and technology companies showcasing their solutions for the entire cannabis ecosystem. Sponsors of CWCBExpo include Green Life Business Group Inc. (Show Bag); DisplayDispensary.com (Lanyard); Proteus420 (Women in Cannabis Luncheon and Women’s Pavilion Supporting Sponsor); and ATMOSIScience (Women’s Pavilion Supporting Sponsor).

“For 10 years, CWCBExpo’s mission has been to provide those involved in the business of cannabis with essential resources and information for their success. This event is uniquely crafted to foster professional growth, provide top-notch education as well as cutting-edge products, services and show experiences and our show in June will be no exception,” said Mary Bender, Show Director, CWCBExpo.

Registration is open for CWCBExpo New York. To register go to: https://cwcbexpo/registration_ny/

For more information on sponsoring or exhibiting contact: cwcbe@cannabismeansbusiness.com or call 201-580-2050.

About Cannabis World Congress & Business Exposition (CWCBExpo)

CWCBExpo is an established business-to-business trade show event for the legalized cannabis and hemp industry. It is held in New York City, the largest business, financial, and media market, and is the leading forum for dispensary owners, growers, suppliers, investors, medical professionals, government regulators, legal counsel, and entrepreneurs looking to achieve business success and identify new areas of growth in this dynamic and fast- growing industry.

Visit: www.cannabismeansbusiness.com.

Editor’s Note: Qualified members of the media are invited to register as press for CWCBExpo New York. To request a media pass for CWCBExpo New York, please contact Annie Scully at: press@cannabismeansbusiness.com

Our Industry’s Biggest Holiday, Legalization, Enforcement Authority and MORE

Our Industry’s Biggest Holiday, Legalization, Enforcement Authority, Spring is Here, Opportunity…Bring It All On!

“Unlicensed dispensaries have littered New York neighborhoods, blatantly circumventing our laws and selling potentially dangerous products. Enough is enough. I promised to protect our communities and hard-working, legal cannabis licensees by expediting the closure of illicit storefronts. I’m proud to stand up and say we got it done.”

 

New York State Governor Kathy Hochul

 

NYS Gov Hochul and NYC Mayor Adams
NY Governor Hochul (right) unveils new initiatives to shut down illicit cannabis operations and protect the legal marketplace. NYC Mayor Adams is on the left.

New York State (NYS) Governor Kathy Hochul and the NYS Legislature vowed to support and fund the closures of the illicit cannabis smoke shops across NYS and New York City (NYC) – and they have included funding in the 2025 NYS budget to do it. The approved budget that was passed this April vows to shut down illegal cannabis operations. An immediate action of this approved budget is that NYC Mayor Eric Adams is getting the immediate authority to use New York City’s enforcement powers to inspect, issue violations, and seize cannabis and padlock stores.

 

“New Yorkers are fed up with illegal smoke shops and their unlawful business practices, but our administration worked hard to make our voices heard in Albany, and working with Governor Hochul and our state partners, we are proud to say we got it done. New York City will finally be able to use the full force of the law to inspect, enforce, and shut down illegal dispensaries. These measures, combined with our already robust enforcement efforts, will help keep the playing field level and push back against the quality-of-life issues that have resulted from the proliferation of illegal smoke shops. We will continue to work with our partners in Albany to give aspiring entrepreneurs, especially those who have been justice-involved, a chance to succeed.”

NYC Mayor Eric Adams
4/20 Love Story

This April’s 4/20 had numerous events all over. We share one New York 4/20 love story that celebrates the union of two people who wed on 4/20/24 while highlighting the cannabis plant.

On 4/20, the wedding of Evan Ross Katz, writer and podcaster, and Billy Jacobson, an engineer, took place in Chelsea in New York City. Congratulations!

The New York Times
Love

Dispensary Openings

April saw many dispensary openings across NYC and NYS. Congratulations to the family-owned dispensary “Big Gas” which is the 100th adult-use in-store sales cannabis dispensary to open in New York. They are located in New Paltz.

Below are some of the many openings in April.

Evergreen Retail
FINGER LAKES | 51 N. Main Street, Brockport 14420
Website: www.evergreennyretail.com     

Platinum Leaf
ROCK HILL | 196 Rock Hill Drive, Rock Hill 12275
Website: www.theplatinumleaf.com   

Late Bloomers NYC
RIDGEWOOD | 57-01 Myrtle Avenue, Ridgewood 11385
Website: www.latebloomers-nyc.com

 

Flower Power Dispensers
NEW YORK CITY | 22 West 66th Street, New York 10023
Website: www.flowerpowerdispensers.com    

 

Devil’s Lettuce
WEST SENECA | 650 Orchard Park Road, West Seneca 14224
Website: www.devilslettuce.net


Planet Nugg
FARMINGDALE | 2043 Wellwood Avenue, Farmingdale 11735

Website: www.planetnugg.com   


East Leaf Dispensary

CHEEKTOWAGA | 2442 Clinton Street,
Cheektowaga 14224


Loudpack Exotics
SYRACUSE | 6606 Kinne Road, Syracuse 13214
Website: www.loudpackexotics.com

Mary Janes – A Legacy 2 Legal Dispensary
BUFFALO | 440 Normal Avenue, Buffalo 14213

Leafology Cannabis Company
WHITE PLAINS | 244 Main Street, White Plains 10601
Website: www.leafologycannabiscompany.com

Misha’s Flower Shop
BROOKLYN | 299 Knickerbocker Avenue, Brooklyn 11237
Website: www.mishasflowershop.com

Canna Life NY Inc (dba Hii)
BROOKLYN | 152 Bedford Avenue, Brooklyn 11249
Website: www.hiinyc.com

Purple Plains
POUND RIDGE | 32 Westchester Avenue, Pound Ridge 10576
Website: www.purpleplains.com

Big Gas Dispensary (the 100th Adult Use Dispensary to Open in New York)
NEW PALTZ | 98 N Chestnut Street, New Paltz 12561
Website: www.biggasdispensary.com


CONBUD (Canna Summit)

BRONX | 2412 Third Avenue, Bronx 10454
Website: www.conbudbx.com


Blue Forest Farms Dispensary

NEW YORK CITY | 122 E 25th Street, New York 10010
Website: coming soon

The Weed Shoppe
STATEN ISLAND | 4906 Arthur Kill Road, Staten Island 10309

Elevate Soho Cannabis
NEW YORK CITY | 481 Broadway, New York 10013
Website: www.elevatesohocannabis.com

NYC Licensing News

This month, the NYS Office of Cannabis Management (NYSOCM) was given the authority by the Cannabis Control Board (CCB) to issue 101 new provisional adult-use licenses to applicants across several segments of the supply chain including: retailers, microbusinesses, cultivators, processors and distributors. The measure was granted during an April 11 meeting of the CCB. This new authority allows the NYSOCM to grant  provisional licenses faster but ultimately, the CCB will still have to approve the final license.

The latest news from the NYSOCM for April includes the stats below since March 2021 when the NYS Marijuana Retail and Taxation Act (MRTA) passed:

  • Total Legal Revenue Sales have reached an impressive $263MM
  • 403 Adult-use Licenses have been awarded
  • Approximately 7,000 jobs across NYS have been created
  • Plus many more
NYS OCM Office of Cannabis Management
New Jersey News

New Jersey Celebrates Cannabis Milestones

This April 2024 marks a 3-year milestone for the New Jersey Cannabis Regulatory Commission, while celebrating a 2-year milestone for recreational cannabis sales. As part of their impressive achievements, in 2023 the NJCRC reached over $800MM in cannabis sales and expects to reach $1B in 2024.

For more information on the accomplishments that the CRC and the New Jersey cannabis industry have made regarding licensing, social equity, dispensary openings, ancillary services, their medical cannabis program, and plans for consumption lounges, click here.
 

 

NJ Cannabis Regulatory Commission
Celebrating three years of growth and equity in New Jersey cannabis
Nationwide News

Federal Regulatory News: Descheduling vs. Rescheduling

The buzz about descheduling and rescheduling of cannabis continues and will continue until the DEA makes a decision. Among the latest developments around descheduling is the formation of a legislative group who are pushing to have marijuana removed from Schedule 1. The group sent a letter requesting the descheduling to Attorney General Merrick Garland and to Anne Milgram of the DEA.

The group of signers of this letter includes:

  • Senator Elizabeth Warren of Massachusetts
  • Senator John Fetterman of Pennsylvania
  • Representative Barbara Lee of California
  • Senator Chuck Schumer of New York
  • Senator Bernie Sanders of Vermont
  • Senator Kirsten Gillibrand of New York
  • Senator Cory Booker of New Jersey
  • Representative Earl Blumenauer of Oregon
  • …and others

Cannabis Industry Stats

The editors of CWCBExpo want to share an industry statistics this post from Lookah.com. Lookah has gathered extensive stats about cannabis and where it is headed in 2024. It’s very interesting.

Lookah
Featured Interview:  Dawne Morris

Dawne Morris – CEO, Co-Founder, PROTEUS Business Solution, PROTEUS420

This month, we feature a brief interview with Dawne Morris, Co-Founder and CEO of Proteus420, an online enterprise resource planning (ERP) system for the cannabis industry. Dawne is a nationally-recognized cannabis entrepreneur who has been named a Top Women to Watch in Marijuana Venture magazine.

An entrepreneur, a technologist and an advocate, Dawne is a champion of our industry, of women and of the cannabis community. We share our conversation below.

CWCBExpo – Did you ever doubt yourself and how did you overcome that self-doubt?

Dawne – Being a woman in the predominantly male sectors of cannabis and technology has presented numerous moments where self-doubt could have crept in. However, I make it a point not to entertain those doubts. As a professional at the helm of a business, my focus is on running my company efficiently; I don’t have the luxury of time to prove myself to others. Whenever I face uncertainty, I rely on my expertise and knowledge, reminding myself of the path I took to get here. My primary aim is to stay focused and achieve my goals—recognition from others, while appreciated, is secondary.

Dawne Morris
Proteus420

“I don’t have the luxury of time to prove myself to others. Whenever I face uncertainty, I rely on my expertise and knowledge, reminding myself of the path I took to get here.”

CWCBExpo – Who was your role model growing up and what impressed you most about that person?

Dawne – My greatest influence has undoubtedly been my father, a skilled cannabis grower who deeply educated me about the plant’s healing potentials. Growing up as a proponent of cannabis, we were cautious to keep our discussions within the home due to potential backlash. Unfortunately, my father passed away six years ago, and expanding our business into the cannabis sector has been a way to honor his legacy. It’s not just about business growth; it’s about continuing his advocacy and educational efforts in a field where I truly thrive. As the world became more accepting of cannabis, my husband and I recognized the opportunity to integrate this personal mission into our professional endeavors.

CWCBExpo – Who is your best friend – OK – who are your “2 besties”?

Dawne – My husband David is undoubtedly my best friend. We’ve experienced so much together, and each morning I wake up eager to face new challenges and adventures alongside him. Additionally, I consider my granddaughters as my other best friends—so technically, I have three best friends. They inspire me daily to be a better person, someone they can admire and learn from. Watching them grow has been one of the greatest lessons of my life, and I cherish every moment with my three best friends!

CWCBExpo – You have been a champion of women, tech, and cannabis as you worked your way up, and you are a true believer in community. What advice do you have for women entrepreneurs in our industry?

“This journey isn’t always easy, but it is rewarding, especially when we lift each other up and champion each other’s successes.”

Dawne – I’ve always been passionate about supporting women in tech and cannabis, industries where we are still underrepresented. My advice to women entrepreneurs in our industry is encapsulated beautifully by Maya Angelou, who said, “Without courage, we cannot practice any other virtue with consistency. We can’t be kind, true, merciful, generous, or honest.” This underscores the importance of courage in our endeavors. It’s crucial to stay true to yourself and remember that you are here for a reason. Your unique insights and contributions are incredibly valuable.

I encourage women to actively connect with and uplift other women in the space. Building a supportive community is not just about networking—it’s about creating a space where we can all thrive. Never let your identity be a barrier. Instead, let it be your strength and your guide as you navigate your path. Remember, by supporting one another, we create a stronger, more inclusive industry. This journey isn’t always easy, but it is rewarding, especially when we lift each other up and champion each other’s successes.

THIS MONTH’S ARCHIVED VIDEO

Compliance Issues for Cannabis Business Owners: Taxation, Liability and the ERTC Program

In this session, the panelists discussed the financial issues surrounding managing a cannabis business without federal legalization and with no ability to use a bank; 280E was discussed along with insurance issues, liability and the ERTC Credit program.

Moderated by Steve Gelsi, MarketWatch; with Sandy Suchoff, Founder, CEO CannaCPAs; Jeff Booker, Founder, COO CannaCoverage; and Tom Sauvageau, Founder, CEO ERTCFiling.

Compliance and Taxation seminar session, CWCBExpo NY, June 2024

(pictured from the left) Jeff Booker, Sandy Suchoff, Tom Sauvageau and and Steve Gels

The CWCBExpo BLOG: Timely News & In Depth Articles

CWCBExpo blogs contain relevant, timely information. Recent subjects include cannabis testing laboratories, packaging, facility security, and legalization and regulatory updates.

A grower holds a cannabis plant in their hands. This could be a home grower, like the advocates pushing for New Jersey legislators to allow home cultivation in the Garden State.
Meet This Exhibitor:

Wilson Safe Company
Booth #335

Wilson Safe Company
A Leader in Cannabis Security
DEA High-Security Safe

Protect your cannabis inventory and cash with our high-security TL-30 safes, a versatile solution designed to meet your unique storage needs. Engineered to withstand 30 minutes of assault from a burglar’s arsenal, including hammers, chisels, grinding wheels, and carbide-tipped drills, these safes provide a robust defense. Moreover, boasting a 1.5-hour fire rating at 1,200 degrees, they ensure the integrity of your valuables even in the face of intense heat. Available in various sizes and configurations, each model offers versatility with options such as lockers, additional shelves, and drawers. Equipped with Group 1R locks mandated for DEA safes, heavy-duty hinges, and robust bolt work, our high-security TL-30 safes stand as an excellent safeguard for your assets.

Wilson Safe Company

Get Your Exhibit Space Today.

CWCBExpo, 11th Annual
June 5 – 6, 2024
Javits Convention Center, NYC

Spring Cannabis News from Across the Nation

Each month, Cannabis World Congress & Business Exposition (CWCBExpo) offers a convenient roundup of the biggest cannabis news stories and hemp headlines emerging across the nation. Get these updates in your inbox by subscribing to our email newsletter, or follow us on Instagram, LinkedIn, Facebook, or Twitter (now X) to get the most recent edition when it’s published. 

As spring blooms and 4/20 celebrations have come to a close, the national cannabis industry is on a high right now (pardon the pun). It’s already been a busy season in cannabis, including record-breaking sales and significant legislative developments. Join us as we recap recent headlines and explore what’s going on in the cannabis industry across the nation.

Congressional lawmakers continue demands for rescheduling

A bipartisan group of 21 congressional lawmakers is applying pressure to the Drug Enforcement Administration (DEA), urging swift action to reclassify cannabis from its restrictive Schedule 1 status. 

Led by Sens. Elizabeth Warren (D-MA) and John Fetterman (D-PA), along with Reps. Earl Blumenauer (D-OR) and Barbara Lee (D-CA), the coalition penned a letter to DEA Administrator Anne Milgram and Attorney General Merrick Garland highlighting the urgent need for rescheduling. Noting the eight-month lapse since the U.S. Department of Health and Human Services (HHS) recommended this shift, lawmakers emphasized the imperative need for the DEA to act promptly. 

“Though marijuana is widely used and… associated with fewer adverse outcomes than alcohol, it remains in the most restrictive schedule,” the lawmakers wrote in the letter. “This placement produces a cascade of severe penalties for marijuana users and businesses, including for criminal records, immigration statuses, employment, taxation, health care, public housing, social services, and more.”

Cannabis tech firms report strong cannabis sales on 4/20 

Jane Technologies, a cannabis tech firm specializing in e-commerce and point-of-sail solutions, released a report highlighting strong cannabis sales during the 4/20 holiday. Jane’s network spans more than 2,500 dispensaries and brands across 39 U.S. states and Canada, offering a substantial perspective of activity within the industry on its flagship holiday.

The total number of transactions at Jane-powered locations reached 245,926 on 4/20, marking a notable 1.67% increase from the previous year’s figures. Total transactions for the entire holiday weekend surpassed 500,000, according to a statement released by the company. Jane Technologies also reported record-breaking sales figures in many states, most notably in Illinois, where sales at retailers in the Jane Technologies network soared to almost $4.5 million. 

“We saw record-breaking sales across the country this 4/20,” Soc Rosenfeld, Jane Technologies CEO and co-founder, said in a statement. “At Jane, it was an extremely successful day with well over half a million transactions completed on the platform this holiday weekend.”

According to the report, top-performing brands included Rythm, &Shine, STIIIZY, Savvy, and Float. Flower emerged as the most popular product type, followed closely by vapes and edibles. 

Cannabis POS platform Treez, which operates in 11 states and serves over 600 dispensaries, reported similarly booming sales data. According to data from Treez, there was a 120% increase in customers, products sold, and gross sales compared to 4/20 in 2023. 

However, according to Treez, the biggest spike in sales came the day prior as consumers sought to stock up ahead of the holiday. On April 19, Treez reported a 200% increase over last year’s numbers. That suggests that the day before 4/20 provides an even bigger bump for retailers, as many consumers prefer to refresh their stash ahead of the holiday festivities. 

Schumer pushes to pass cannabis banking bills in ‘bipartisan way’ 

Senate Majority Leader Chuck Schumer (D-NY) is once again championing a bipartisan effort to advance the Secure and Fair Enforcement Regulation (SAFER) Banking Act among a list of legislative priorities for the year. Speaking at a press briefing on April 23, Schumer emphasized the need for bipartisan cooperation in addressing various legislative matters. In addition to the SAFER Banking Act, he underscored the importance of addressing issues like insulin pricing, online child safety, and railway safety. 

“We’ve got a lot to do,” Schumer said. “And if we can work in a bipartisan way, we will.”

Schumer has repeatedly pushed to move the SAFER Banking Act, which previously cleared the Senate Banking Committee last September before dying without a floor vote. However, the Senate recently approved long-awaited and contentious appropriations legislation that may have cleared the way to focus on new legislative items like cannabis reform.

CWCBExpo is your gateway to the cannabis industry

The cannabis industry continues to rack up wins, from a record-breaking 4/20 to continued momentum on Capitol Hill. As the industry grows, CWCBExpo offers unparalleled opportunities to connect, learn, and stay updated on the latest news and trends shaping the cannabis industry. Register for our show and business exposition June 5 and 6 at the Javits Convention Center in New York City, and stay up to date on the latest changes and updates in the industry with our monthly news updates. 

Vice President Kamala Harris Making Statement

NY Mayor Eric Adams Fights For Legal Cannabis Industry

Mayor Adams Fights For Legal Cannabis Industry

Celebrates Opening Of First Black Woman-Owned Legal Dispensary in Brooklyn
Recommits To Closing Down Illegal Smoke Shops

Congratulations to Leeann Mata who is the proud Founder and owner of Matawana, the first Black woman-owned dispensary in Brooklyn, New York. The opening was attended by NYC Mayor Eric Adams, Dasheeda Dawson, Founding Director of Cannabis NYC and other officials and New York State Assembly Member Jenifer Rajkumar. The Mayor took the opportunity to assert that he is committed to cracking down on illegal shops.

Click here to view the momentous event and joyful opening, and learn more about the Mayor’s commitment to shutting down illicit shops.

Matawana Dispensary opening, March 2024
Matawana Dispensary opening, March 2024, (from the left), Dasheeda Dawson, Leeann Mata, Eric Adams, and Jenifer Rajkumar
New York State News

More on Crackdowns Across NYS From Governor Hochul

“…these Illicit vendors flagrantly violate our laws by selling to kids, evading our taxes, and engaging in fraudulent advertising about their products…”
– NYS Governor, Kathy Hochul

We have been reporting in several of our CWCBExpo Newsletters that Goveror Hochul is also committed to shutting down illegal shops. Her approach seems to be garnering support from legal dispensary owners who welcome her plan. Learn more from this WKBWTV news report where NYS dispensary owners praise the Governor and are hopeful that the actions will offer growth for their legal dispensaries and present opportunity to put NYS on track to have a thriving cannabis industry.

Seal of Governor Kathy Hochul

Dispensary Openings

March saw many dispensary openings across New York City and State. Below are some of the many recent openings.

TreeHead Culture
ERIE | 665 North French Road, Amherst 14228
Website: www.treeheadculture.com   

The Travel Agency Downtown Brooklyn
FLATBUSH | 122 Flatbush Avenue, Brooklyn 11217
Website: www.thetravelagency.co 

Matawana Dispensary
PARK SLOPE | 533 5th Avenue, Brooklyn 11215
Website: www.matawanany.com

The Bakery Cannabis Dispensary
ALBANY| 1099 Loudon Road, Cohoes 12047
Website: www.518bakery.com

Raven’s Joint
ONONDAGA | 4106 NY-31 Suite 903, Clay 13041
Website: www.ravensjoint.com    

Bronx Joint
BRONX | 925 Hunts Point Avenue, Bronx 10459
Website: www.thebronxjoint.com

Polanco Brothers
MANHATTAN | 12 East 42nd Street, New York 10017
Website: www.dutchie.com/dispensary/polanco-brothers-corp 

Liberty Buds
MANHATTAN | 1115 1st Avenue, New York 10065
Website: (website coming soon)

 

The Cannabis Place
QUEENS | 74-03 Metropolitan Avenue, Queens 11379
Website: www.thecannabisplace.org

Leafy Peaks
WATERFORD | 27 B Saratoga Avenue, Waterford 12188
Website: www.leafypeaks.com

Bliss + Lex
MANHATTAN | 128 E 86th Street, New York 10028
Website: www.blissandlex.com

Mr Good Vybz
ALBANY | 25 N Pearl Street, Albany 12207
Website: www.mrgoodvybz.com

Black Canna Market Co LLC
POUGHKEEPSIE | 89 Main Street, Poughkeepsie 12601
Website: (website coming soon)

Licensing News

On March 11 the Office of cannabis Management issued the Adult-Use December Queues on the OCM website. There were five queues made from a random sequence process for each type of license for applications submitted within the application window that ended December 18, 2023. The queues represent a review order for the OCM itself and do not represent the order in which licenses will be issued. Furthermore, inclusion in a queue does not guarantee getting a license. The five queues were audited by a third party. There are queues for:

  • Cultivator
  • Processor
  • Distributor
  • Retail Dispensary
  • Microbusiness Applicants
NYS OCM Office of Cannabis Management

Also noteworthy in March, the OCM issued a listing of what they call a Proximity Protected Locations Map (PPLM). The intention with this is to provide transparency on locations of licensed cannabis dispensaries, as well as those proposed locations on applications that are still under review. Proposed locations have what is called proximity protection since the OCM reviewed the locations and have deemed them compliant regarding distancing and proximity requirements until the final determination on a application is made. The PPLM is meant to be a helpful aid to identify potential locations for a cannabis dispensary.

There are many more things to know about these five Adult-Use queues that the OCM posted.
You can learn more here.

New Jersey News

“These are early signs of the potential of this market. Sales have grown steadily since Governor Murphy began the work to reform New Jersey’s cannabis market.  If we consider medicinal cannabis sales from 2018 to 2021 – before recreational sales began – cannabis sales totals exceed $2 billion over the six-year span.”

– Jeff Brown, Executive Director at the New Jersey Cannabis Regulatory Commission

NJ Cannabis Regulatory Commission

In our February Newsletter, we highlighted the positive reports that the New Jersey Cannabis Regulatory Commission gave about the number of opened dispensaries and the revenue to date for medical and recreational sales. The news just keeps getting better.

The combined revenue for medical cannabis sales and recreational sales since recreational went into effect April 2022 is already over $1.3B to date. The expectation is that in 2024, medical and recreational sales could see over $1B in combined sales.

New Jersey Consumption Lounges

We reported previously in recent Newsletters that New Jersey consumption lounges are coming soon.

 

Consumption Lounge, men smoking and relaxing
Virginia News

Governor Glenn Youngkin Does Not Want to Legalize Adult-Use Cannabis

The suspense is over. Governor Glenn Youngkin vetoed the piece of legislation that was passed in late February by both the Virginia state General Assembly and the state Senate to launch a Virginia Adult-Use cannabis industry. The Adult-Use Cannabis Sales bill would have taken effect in May 2025 and sought to build a legalized commercial adult-use market in Virginia. Youngkin made some strong statements about the legislation that he vetoed.

In addition, Youngkin’s veto power did not stop at just one cannabis bill. He also vetoed a bill that would have allowed individuals who were incarcerated for certain marijuana offenses to receive automatic re-sentencing hearings and have their punishments adjusted. No dice.

Lastly, it seems that Youngkin’s views are simply not in step with the majority of Virginians and their views on cannabis and legalization as suggested by a poll released earlier this month by the Institute for Policy and Opinion Research at Roanoke College.

Cardinal News
Hawaii News

Expungement Bills

Hawaii has advanced several cannabis legislation bills that seek to expunge tens of thousands of cannabis convictions. The proposals spelled out some legislation to create an adult-use market in Hawaii.

Federal News

Descheduling vs. Rescheduling

The industry has been abuzz for weeks with the prospect of rescheduling and with even louder calls for descheduling. Several important things that deserve highlighting include:

  • President Biden’s comments made during his State of the Union Address in February where he asserted his support for cannabis reform.

     

  • Vice President Kamala Harris’s meeting this month in March, where she met with several industry influencers, stakeholders, and some who received pardons for cannabis offenses. Included in the notable attendees were hip hop artist and rapper Fat Joe, and Chris Goldstein, Regional Coordinator for NORML. Harris made comments that were bold and welcomed by those in the room and gives a positive prospect for real action by the Federal Government.

“…we need to legalize marijuana…”

– Vice President Kamala Harris, at her roundtable meeting on March 15th at the Whitehouse.

Vice President Kamala Harris Making Statement
Reality TV

Read Upcoming 420 High Hopes Series From Hulu

Hulu is debuting an unscripted reality series about a dispensary, based in Hollywood, CA. The series is called High Hopes and is produced by Jimmy Kimmel’s production company.

GreenState
CWCBExpo’s Advisory Counsel

Welcome CWCBExpo Advisory Council

Please join the CWCBExpo team in welcoming, honoring and thanking our Advisory Council Members. Each one is accomplished in the industry and has made an impact to so many, and they continue to do so. We appreciate their advisement and we look forward to working with each of them at all of our upcoming CWCBExpo events.

CWCBExpo Advisory Council

THIS MONTH’S ARCHIVED VIDEO

“Financial Challenges in a Federally Illegal Industry”

In this session, the panelists discuss the banking and financing challenges facing the industry, and give their advice on how retailers and brands can survive and advance to the next level.

Moderated by Steve Gelsi, MarketWatch; Michael Harlow, Partner, CohnReznick; Neil Kaufman, Partner, Managing Member, Kaufman McGowan PLCC; David Feldman, Co-founder, CEO, Skip Intro Advisors; Ryan Himmel, VP, Head of Strategic Partnerships, LeafLink

Financial Challenges in a Federally Illegal Industry, Seminar Session, CWCBExpo, June 2024

(pictured from the left) Neil Kaufman, Ryan Himmel, Michael Harlow, David Feldman and Steve Gelsi.

The CWCBExpo BLOG: Timely News & In Depth Articles

CWCBExpo blogs contain relevant, timely information. Recent subjects include cannabis lounges, NY licensing review and tech tools shaping the industry.

Cannabis Retail Shop
Meet This Media Partner: Leafwire

“We built Leafwire to provide a safe, welcoming platform for the cannabis business community. We saw a need in the industry to provide a platform where the cannabis industry could share news, promote events, find business partners, find employees, look for investors and just simply network. We’re 100% devoted to the cannabis and hemp industries.

“The Cannabis industry is unique in that we are currently an industry of start ups. Due to federal regulations and other issues, larger corporations are largely kept on the sidelines until we clear those hurdles. This creates an opportunity that we have not seen for decades within the business landscape. The path forward for this industry is through the start up community, leveling the field for new entrants. As a result, we have a chance to build something from the ground up that is designed to not only help people, but the environment and the world.”

Get Your Exhibit Space Today.

CWCBExpo, 11th Annual

June 5 – 6, 2024
Javits Convention Center, NYC

Cannabis Gains Political Momentum as Legal Industry Grows  

Each month, Cannabis World Congress & Business Exposition (CWCBExpo) offers a convenient roundup of the biggest cannabis news stories and hemp headlines emerging across the nation. Get these updates in your inbox by subscribing to our email newsletter, or follow us on Instagram, LinkedIn, Facebook, or Twitter (now X) to get the most recent edition when it’s published.

March brought some dynamic shifts in the political culture surrounding cannabis. Vice President Kamala Harris led discussions on legalization and pardons, while Senate Democrats and House Republicans continued to push for cannabis banking reform. Could these developments be signs of growing momentum towards a shift in federal cannabis policy? Explore the impact of these updates on the cannabis industry nationwide.

VP Kamala Harris holds meeting on cannabis legalization and pardons 

Vice President Kamala Harris held a closed-door White House roundtable discussion on cannabis policy on March 15, 2024. Among the attendees were figures such as Cynthia Roseberry, Director of Policy and Government Affairs, Justice  at the ACLU; rapper Fat Joe; Chris Goldstein, Regional NORML organizer; Kentucky Governor Andy Beshear; and White House Director of Public Engagement Steven Benjamin. 

VP Harris used the discussion as an opportunity to emphasize the injustice of cannabis-related incarcerations, stating that “nobody should have to go to jail for smoking weed.” According to Goldstein, Harris also shared meaningful dialogue with Fat Joe regarding the importance of legalization and expressed support for ending the federal prohibition.

“The moment where she raised her hands in the air and said, “We need to legalize marijuana” — saying those words out loud, saying it in the Roosevelt Room, it did feel very meaningful, and it wasn’t lost on anyone there what was going on in that moment,” Goldstein told Marijuana Moment.

The Department of Health and Human Services (HHS) conducted a scheduling review in August 2023 and concluded to the DEA that cannabis be reclassified to a Schedule III drug. While there is no timeline for when the DEA’s review could take place, conversations like these represent strides forward. “This is the first time the White House has asked for a scheduling review in the right manner, so we don’t have a context for how long they might be able to run out the clock,” Goldstein added. 

Senate Democrats and House Republicans continue to push for cannabis banking bill 

As Congress nears the passage of a package of spending bills for the 2024 Fiscal Year, bipartisan attention has again turned to advancing the Secure and Fair Enforcement Regulation (SAFER) Banking Act. Senate Banking Committee Chairman Sherrod Brown (D-OH) expressed optimism about the bill’s prospects in a recent interview, sharing hope that the measure will immediately pass on the floor this year. 

“We’ve got a House that’s still not moving on stuff that matters to Republicans,” he said, referencing party divisions in the chamber. “The truth is that’s really pushed us back on what we can do in the Senate with floor time.”

In parallel, House Majority Whip Tom Emmer (R-MN) reiterated his support of the SAFER Banking Act during an American Bankers Association (ABA) summit. Emmer emphasized the need for federal action on banking reform, citing the sluggish pace of incremental reform despite his personal stance on the issue.

“For whatever reason, the federal government has been slow to get that done,” he stated. “Like it or not, if your state has enacted laws creating this as a legal entity that is legitimate, our bankers should be allowed to bank,” he added. “It’s not whether you are a marijuana lover or hater, it’s more: This is a legitimate business that has been approved by the representative government of that state.”

IRS clarifies cannabis cash reporting regulations 

The Internal Revenue Service (IRS) issued a memo clarifying the rules for reporting large cash payments between cannabis businesses. In response to a request for guidance on Form 8300, which mandates reporting for cash payments exceeding $10,000, the IRS emphasized that such transactions should not automatically be flagged as “suspicious” solely due to the federal prohibition of cannabis. 

An example of the other language in the memo includes:

Question 3: “Is it reasonable for a legalized substance business to check the suspicious activity box simply because of the type of product they deal with?”

Answer 3: No. When marking the suspicious activity box is purely done defensively, much like a Money Service Business filing defensive Significant Activity Reports, this is an abuse of the use of that box. If they are solely marking the box because of the industry and for no other reason, this is not an appropriate use of the box. If a business is checking the box in these circumstances, the agent should inform them that continuing to check the box could result in penalties for inaccurate forms. Of course, this depends on the facts and circumstances in each case.”

“We are working on additional guidance on questions related to cash couriers/armored cars who transport cash between growers/manufacturers and dispensaries/sellers,” reads the memo. 

Keeping tabs on the cannabis industry’s progress nationwide

Gradually, the federal government has made progress toward cannabis reform, and there is as much reason to be optimistic as ever. Given recent developments, it’s important to continue our path toward comprehensive reform, promising a future of equity, accessibility, and opportunity within the legal cannabis industry. Looking ahead, stay tuned for updates on these matters and mark your calendars for this year’s CWCBExpo on June 5 and 6 at the Javits Convention Center in New York City, where professionals gather to network, learn, and shape the future together. 

New Jersey’s Cannabis Lounges: What To Expect

It’s official: Cannabis consumption lounges are coming to New Jersey, giving consumers a place to come together and enjoy sociable sessions in a public setting. The lounges, unanimously approved by the NJ Cannabis Regulatory Commission (CRC) in January, offer new opportunities to Garden State cannabis businesses and consumers alike. Here’s what you need to know about consumption lounges in NJ and what to expect in the coming months.

What are the rules for NJ consumption lounges?

The NJ CRC’s approval of cannabis consumption lounge rules came nearly a year after their introduction. Among the regulations governing these licensed “social use” locations are the following:

  • Consumption lounges must be attached to licensed retail locations. 
  • Consumption lounges are open to adults ages 21 years and older, and photo identification is required for entry.
  • Cannabis businesses are limited to one social use license, regardless of the number of dispensaries they operate. 
  • Social use licensing fees are $1,000 for microbusinesses and $5,000 for standard businesses.
  • Consumption lounges must install heating, ventilation, and air conditioning systems that prevent smoke and vapor from affecting neighbors.
  • Consumption lounges cannot sell tobacco, food, or alcohol, but guests may bring their own food or have it delivered (provided local governments allow it).
  • Businesses must not sell cannabis products to guests who show visible signs of intoxication, similar to requirements for bartenders.
  • Consumption lounges must be at least partially enclosed by barriers to prevent view from the public. 
  • Medical cannabis patients may bring their own cannabis products to consumption lounges.
  • Guests may not leave with unconsumed, opened packages of cannabis products — much like restaurant guests may not leave with opened alcoholic beverages.

These rules have been published in the New Jersey Register, effectively codifying them as written and paving the way for applications and licensing to begin. 

What do consumption lounges mean for NJ cannabis businesses?

Licensed cannabis retailers can pursue a social use license to open consumption lounges on the same site as their retail location, offering more opportunities to attract customers and sell products. For cannabis dispensaries looking to stand out from the crowd and offer something unique to attract more customers (and keep them on site longer), consumption lounges could be a big opportunity. 

According to NJ CRC Chief Counsel Christopher Riggs, an application process will begin soon. However, the state government’s website currently makes no mention of the social use license or where to apply. Commissioner Charles Barker added that the application process would include an “exclusive period for social equity, diversely-owned businesses,” which he said is a “critical component to establishing equity and leveling the playing field.”

Members of the NJ CRC suggested the addition of consumption lounges to the state’s growing cannabis industry would bolster tax revenues through additional sales and excise taxes on products sold, as well as the licensing fees and annual renewal fees businesses would pay to operate these lounges.

However, some retailers have pushed back against the regulations as currently written, suggesting the restrictions would make it difficult to turn a profit by hosting a social use space. Concerns include the restrictions on selling non-cannabis products, like food and beverages, and the availability of space at existing dispensary locations.

“From an operator’s perspective it’s hard to make money on that and to create that amazing environment,” Jonathan Bednarsh, co-founder of RIPT Dispensary, told PIX 11 when the NJ CRC first approved the rules. “Operators are going to struggle to have the space, or create a space if they can’t monetize the space.”

Other cannabis reform trends to watch in New Jersey

The Garden State is in for a big year when it comes to growing its cannabis industry and enacting reform policies. There are more than a dozen bills in the state legislature that could have a significant impact on New Jersey’s cannabis businesses and consumers, including:

  • Home grow rules: Senate Bill 1985 would legalize the cultivation of up to six cannabis plants for personal consumption and up to 10 plants for medical consumption for adults ages 21 years and older. A similar bill in the state Assembly (A414) would allow the cultivation of up to six cannabis plants, while S1393 and companion bill A846 would authorize the cultivation of medical cannabis.
  • Interstate commerce: A bill in the Senate, S2286, would authorize the governor to approve interstate commercial activity in certain instances. Interstate commerce is generally the domain of the federal government, which considers cannabis an illegal Schedule I drug under the U.S. Controlled Substances Act.

  • Financial institution protections: Assembly bill A901 would offer protections to financial institutions and insurance companies working with cannabis businesses, preventing them from being penalized by state regulators for working with the industry. Similar bills in both chambers, S1955 and A453, would focus on establishing further protections for insurers working with cannabis businesses. A Senate bill, S1126, would establish a state bank dedicated to handling cannabis funds.
  • Employer and employee protections: Competing bills would extend protections to employees who use cannabis or empower employers to prohibit cannabis consumption by certain employees. A2719 would prevent employers from penalizing employees who test positive for cannabis metabolites, but S677 would allow employers to prohibit cannabis in some circumstances. A2798 would permit law enforcement agencies to prohibit consumption by officers.
  • Medical cannabis taxation: Assembly bill A1105 would exempt medical cannabis products from sales and excise taxes, bringing down costs for medical cannabis patients.

Keep an eye on these bills and other reform efforts as 2024 progresses to see how New Jersey’s cannabis industry may evolve. As the young industry grows and changes, those who are most adaptable to evolving regulations will stand the best chance of success in the future.

Stay informed with CWCBExpo

To stay in the loop on all things cannabis in New York, New Jersey, and beyond, keep an eye on CWCBExpo’s monthly news roundups, blog, and social media channels. And if you want to connect with cannabis industry leaders and experts from around the nation, sign up to attend or exhibit at this year’s CWCBExpo at the Javits Convention Center in New York City on June 5 and 6, 2024. You’re sure to come away with new insights, an expanded network, and exciting stories about one of the fastest-growing industries in the country. 

 

Womxn Luncheon Montage, February 17, 2024

Licensing in NY, Cannabis in Germany, plus Womxn Luncheon with CWCBExpo

Introducing CWCBExpo’s New Podcast

Highest: In the Room

Highest: In the Room
A podcast series that discusses the business of cannabis in a LIT way

Reporting from the weed capital of the world, KymB interviews the power players in the wild industry of cannabis.

In Episode #1, KymB gets the “blunt” facts from the Beard Bros, Bill and Jeff Levers, on cannabis restrictions on Instagram and why cannabis media is an integral part of business.*

*Contains explicit language.

Highest In the Room, with KymB
New York State News

Judge Rules for NYS in Lawsuit

NYS has gotten over another hurdle in court. On February 2, Judge Nardacci ruled against plaintiffs citing unfair issuance of licenses that was based on the social equity criterion laid out in the Marijuana Regulation and Taxation Act passed on March 31, 2021. Previous lawsuits claiming similar complaints were settled. The result of the latest ruling by Judge Narducci is a good sign that NYS is continuing to move the industry forward.

Plan to Shut Down Illicit Cannabis Operations

In our January 2024 Newsletter, we noted that Governor Kathy Hochul is committed to shutting down illicit cannabis shops across New York State. The movement to get this done has taken off in recent weeks with several local lawmakers at the NY Assembly and Senate levels supporting legislation and funding targeted at the closing of illegal shops and providing more authority to NYC Mayor Adams and the NYPD to get the job done.

Queens Assemblywoman Jenifer Rajkumar has aggressively been pushing her proposal to shutter illegal cannabis operations across the city, while Queens Senate member Leroy Comrie has pushed to get the law into the budget. It is called the Smoke Out Law.

Spectrum News NY1

Dispensary Openings

The Adult-Use dispensary openings continue across NYS and NYC. Here are 18 of the most recent openings.

NYS OCM Office of Cannabis Management

Legacy Dispensary

COLONIE | 1839 Central Avenue, Colonie, NY
Website: www.legacy-dispensary.com


High Stone
STATEN ISLAND | This is a temporary delivery only location.No in-person or pre-order sales are allowed at this location.
Website: www.highstone.nyc


Royale Flower
ALBANY | 350 Northern Blvd, Albany, NY
Website: www.royaleflower.com


Brownies
COLONIE | 1686 Central Avenue, Albany NY
Website: www.browniesbrand.com  


Northern Lights NY
MENANDS | 90 Broadway, Spc 8, Menands, NY
Website: www.nldispo.com/


Buddega NYC
WHITE PLAINS | This is a temporary delivery only location. No in-person or pre-order sales are allowed at this location.
Website: www.cannabisrealmny.com


The Grass Hole Cannabis
PLATTSBURGH | 779 State Route 3, Plattsburgh, NY
Website: www.thegrasshole.com


Cannavita
ASTORIA | 30-30 Steinway Street, Astoria, NY
Website: www.cannavita.us



Etain
WHITE PLAINS | 75 Mamaroneck Avenue, White Plains, NY
Website: www.etainhealth.com

The Emerald
BUSHWICK | 85 Suydam St, Bushwick, NY
Website: www.theemeralddispensary.com


NYCBUD

LONG ISLAND | 44-45 Vernon Blvd, Long Island, NY
Website: www.nycbud.com


Puffalo Dreams
BUFFALO | 900 Niagara Falls Blvd, Buffalo, NY [Corrected Address]
Website: www.puffalodreams.com


New Metro

BAYSIDE | 221-50 Horace Harding Expy, Oakland Gardens, NY
Website: www.newmetro.club


Public Flower

BUFFALO | 232 Allen Street, Buffalo, NY


Elevate

MOUNT VERNON |127 S Terrace Ave Mt. Vernon, NY
Website: www.elevatecannabisny.com/


Exit 31 Exotic

UTICA | 255 Genesee Street, Utica, NY
Website: www.uticacannabisco.com


Tiki Leaves

CONEY ISLAND | 1511 Neptune Ave., Brooklyn, NY


Silk Road NYC

QUEENS | 166-30 Jamaica Ave, Jamaica, NY
Website: www.silkroadnyc.com/

Licensing News

Some good news for NYS revenues: NYS’s total adult-use cannabis sales are climbing toward $200MM since MRTA was passed. As of this month, total adult-use sales reached $183MM, as reported by the Office of Cannabis Management and Governor Hochul.

Also this month, the NYS Office of Cannabis Management (OCM):

  • Issued over 100 licenses in mid-February including 38 new Retail Dispensary Licenses, and 26 Micro-business Licenses.
  • Approved Home Grow Cultivation Regulations
  • Opened a new application window for more type 3 processor applications and to allow conditional cultivators and processors to continue transition to non-conditional licenses
Seal of Governor Kathy Hochul
New Jersey News

New Jersey Closes in on $1B in Total Cannabis Revenue

The New Jersey Cannabis Regulatory Commission (NJCRC) reported on February 15 that there were 102 medical and adult-use dispensaries across the state. In addition, total sales for medicinal and adult-use cannabis sales were closing in at $1B combined. These milestones are very good news.

NJ Cannabis Regulatory Commission
Pennsylvania News

Governor Josh Shapiro Wants to Legalize Adult-Use Cannabis

Will Pennsylvania legalize adult-use cannabis anytime soon? Governor Ron Shapiro is supporting it and presented some key points during his February budget presentation as part of his efforts to legalize adult-use in PA. In his presentation he cited estimated cannabis revenues, social equity, and expungement of minor cannabis offenses and arrests. Not all groups in PA are supportive of the Governor’s efforts.

CBS News
Majority of U.S. Voters Favor Legalization

U.S. Voters Want Legalization

We highlighted in our January newsletter that the issue of de-scheduling vs. rescheduling cannabis as a Schedule 1 drug was heating up. A poll found that the call to de-schedule cannabis is overwhelmingly supported by both Democrat and Republican voters. The results of a poll featured in NORML.org, compiled by The Tarrance Group, showed that well over 50% of respondents want to see full legalization in all 50 states.

Ukraine Legalizes Medical Cannabis

Ukraine’s President Zelensky Signs Medical Cannabis into Law

On February 15, President Volodymyr Zelensky signed the December 21, 2023 bill that was approved by Ukraine’s Parliament. This new law will provide access for medical patients seeking treatment for a variety of conditions including PTSD. The war has created the need for medical cannabis to help treat the traumas of the war suffered by soldiers and citizens. Patients will need a prescription from a doctor to get the medical cannabis and to legally buy it. Recreational cannabis remains illegal. The new law takes effect in July 2024.

Germany Legalizes Adult-Use

Germany Legalizes Adult-use Cannabis

As of February 23, Germany became the third European country to legalize recreational use cannabis for anyone aged 18 or above.

CNN
Community News

Building Community Through Recognizing WOMXN Entrepreneurs

On Saturday February 17, CWCBExpo was honored to be the Nourishment Sponsor for the WOMXN Brunch. The brunch was expertly produced and organized by Solonje Burnett and Kymberly Byrnes (KymB). Solonje Burnett is Weed Auntie and Co-founder and Chief Culture & Community Officer of Erven. Kymberly Byrnes is Co-Founder and Chief Marketing Officer of TribeTokes, and Host of “The Highest in the Room” podcast. 

The luncheon took place in Williamsburg Brooklyn at the Moxie Hotel and was sold out. CWCBExpo was in attendance and is sharing some photos below. Thank you Solonje and KymB for making such a memorable afternoon.

Womxn Luncheon Montage, February 17, 2024

Womxn Luncheon, February 17, 2024. Clockwise from the top left, Solonje Burnett, Weed Auntie, Co-founder and Chief Culture & Community Officer of Erven, with Christine Ianuzzi, CEO, CWCBExpo; Kymberly Byrnes (KymB), Co-Founder and Chief Marketing Officer of TribeTokes; Women in attendance; “Local Roots” food table, the woman-owned small business which prepared the healthy, fresh and delicious lunch that was served at the event.

Check out the CWCBExpo BLOG

CWCBExpo blogs contain relevant, timely information.

Recent subjects include cannabis testing laboratories, packaging, facility security, and legalization and regulatory updates.

Lighting a Joint

This is the event you need to attend.

CWCBExpo, Cannabis Means Business, 11th Annual

June 5 – 6, 2024
Javits Convention Center, NYC

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