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Formerly CWCBExpo

Cannabis Means Business – Conference & Expo
June 4 - 5, 2025
Javits Convention Center
New York City

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Tag: New York City

By CWCBExpo

Why New York, Why Now?

The Advantages of Exhibiting at Cannabis Means Business in NYC

 

As the cannabis industry continues its rapid expansion, businesses face a critical question: Where can they connect with decision-makers, discover innovative trends, and grow their market presence? For many, the answer is clear—New York City, and right now. Exhibiting at the Cannabis Means Business Conference – NY Global Edition is your chance to tap into this growing market at the epicenter of commerce and innovation.

Why New York?

New York has rapidly emerged as a critical market for cannabis, supported by forward-thinking policies and an expansive consumer base. Exhibiting in NYC isn’t just about being seen—it’s about positioning your brand where commerce, culture, and cannabis converge.

  1. A Massive Consumer Market: With a population of over 19 million, New York State represents one of the largest consumer bases in the U.S. Its diverse, largely cosmopolitan population provides an unmatched opportunity to build brand trust and visibility across many different demographics.
  2. Gateway to Global Markets: As an international hub, NYC attracts entrepreneurs, investors, and industry leaders from around the world. Exhibiting here opens doors to international markets, connecting your business with global opportunities that extend far beyond U.S. borders.
  3. Influence on Policy & Innovation: New York sets trends—not just in culture but in policy and innovation. Companies exhibiting in NYC align themselves with a forward-thinking ecosystem that fosters responsible and sustainable cannabis business practices.

Why Now? 

The cannabis landscape is transforming at an unprecedented pace, and New York’s market is still in its early stages. Businesses that establish a foothold now will reap the rewards of early adoption and influence. Here’s why timing is critical:

  1. Unmatched Growth Opportunities: New York’s cannabis market is on the rise, and companies entering now will be positioned as industry leaders. Exhibiting at Cannabis Means Business ensures your brand takes center stage during this pivotal growth phase.
  2. Cross-Sector Networking & Collaboration: NYC’s unparalleled mix of industries—finance, technology, retail, and more—provides an ideal platform for cannabis businesses to connect with traditionally non-cannabis sectors now exploring opportunities in this fast-growing industry.
  3. Showcasing Innovation in a High-Visibility Setting: As the cannabis sector matures, businesses are driving innovation in products, services, and technologies. Cannabis Means Business provides a premier platform to showcase these advancements to an audience eager to invest, collaborate, and grow.

Why Exhibit at Cannabis Means Business? 

Exhibiting at this conference a range of benefits designed to help your brand stand out and thrive in the competitive cannabis marketplace:

  • Access to a Targeted Audience: Gain direct access to an audience of decision-makers, entrepreneurs, and investors actively seeking partnerships and solutions.
  • Cross-Industry Exposure: NYC’s influence extends far beyond cannabis, drawing attention from financial institutions, tech innovators, and retailers who are increasingly interested in cannabis. This event is your gateway to partnerships with sectors driving the global economy.
  • Brand Visibility in a High-Stakes Market: New York is home to major media outlets and influencers who shape public perception. For the savvy operator, exhibiting in NYC opens up access for your brand to gain exposure that resonates far beyond the event, amplifying awareness and impact.

Shaping the Future of Cannabis

The cannabis industry’s future is being written here, today. Be a part of it—exhibit with us at Cannabis Means Business and position yourself as a thought leader driving standards and trends that will define the industry for years to come.

Join Us at Cannabis Means Business 

The Cannabis Means Business Conference – NY Global Edition is more than an event—it’s a gateway to the future of the cannabis industry. By exhibiting, you’ll connect with a diverse audience, build strategic partnerships, and solidify your brand’s position in this transformative market.

 

Why New York, why now? Because NYC is where the cannabis industry intersects with the world’s leading sectors, and its influence is reshaping the market today.

 

Secure your spot now and be part of the premier event that’s defining the future of cannabis in North America and beyond. Let Cannabis Means Business put your brand at the center of the conversation.

 

By CWCBExpo

The Illegalization of Cannabis: How We Got Here, Where We May Be Going

The Illegalization of Cannabis:
How We Got Here, Where We May Be Going

Tune In to the WNYC Archives

While business owners, investors, medical professionals, and activists look toward the prospect of rescheduling, it begs the question of how did cannabis become a Schedule I drug in the first place? It has been a Schedule I drug since 1970, when Congress enacted the Controlled Substances Act (CSA). With that, the modern war on drugs was born and it has continued to proliferate for decades since.

WNYC

Listen to this 1969 archival broadcast from WNYC, New York Public Radio.

In 1969, NYC’s own former Mayor Ed Koch, at the time a US Representative, held a conference attempting to classify cannabis differently than what it is today. A broadcast from the archives of WNYC, “Tensions High at 1969 Conference on Marijuana” is quite informative and highlights the history of how cannabis landed on Schedule 1.

Federal Rescheduling

Comment Period to Federally Reschedule Cannabis

At our June CWCBExpo New York Conference Program, we highlighted rescheduling cannabis from a Schedule I drug to Schedule III drug and its implications for the cannabis industry. The Justice Department’s proposed rule change to reschedule cannabis requires a public comment period. The deadline is July 22, 2024.

How to Submit Comments

The public comment period runs through July 22, 2024, and comments can be submitted electronically through their portal. Get your comments in

Learn more about this from NORML.org and how to access the public comment portal.

NORML

Why is Rescheduling So Important for Business?

Hear it concisely stated from CWCBExpo speaker Matt Karnes, Founder, GreenWave Advisors.

“The re-classification from Schedule I to III is significant because it removes the punitive 280E tax burden that cannabis operators have had to endure. As a result, cash flow profiles are poised to accelerate at a time when capital is scarce. This marks an attractive entry point for investors as valuation multiples are on the cusp of meaningful expansion.”

–Matt Karnes, Founder, GreenWave Advisors

Matt Karnes, Founder, GreenWave Advisors
New York State Cannabis News

Licensing News from the NYS Office of Cannabis Management and Cannabis Control Board

In our May Newsletter, we highlighted the operational changes that governor Hochul started to make at the Office of Cannabis Management (OCM) since the final report from Jeanette Moy, the Commissioner of General Services. Significant changes and announcements in management at the OCM continued this June. NYS Governor Kathy Hochul appointed the following individuals into roles that she expects to help run the OCM more effectively and efficiently:

  • Felicia A. B. Reid has been appointed Executive Deputy Director and Acting Executive Director.
  • Susan Filburn has been appointed Chief Administrative Officer.
  • Jessica Woolford has been promoted to the position of Director of External Affairs.

 

NYS OCM Office of Cannabis Management

NYS Retail Cannabis Taxation Rules

More action at the OCM pertains to the taxation of retail cannabis. The OCM has reformed the taxes associated with retail cannabis sales including:

  • Repealed the THC tax
  • Excise tax on medical cannabis has been reduced to 3.15%
  • Other taxes remain in effect such as the wholesale tax, the local tax, and the state tax

Click here to download more information on how retail cannabis taxes have been reformed.

Illicit Shops Being Shut Down

NYS and NYC continue to see more legal dispensaries open up and more illicit shops shut down. By June 18, Governor Hochul’s appointed NYS Task Force closed down 114 illegal cannabis shops. This helps increase sales at legal dispensaries and builds a stable and legal cannabis industry throughout the state.

 

New York State Government

Recent Adult-Use Dispensary Openings

Terrapin Greens LLC

(dba The Travel Agency Fifth Avenue)
NEW YORK CITY | 587 Fifth Avenue, New York 10017
Website: thetravelagency.co

Gratitude Buds
FISHKILL | 814 NY-52, Fishkill 12524
Website: gratitudebuds.com

SESH NYC
BRONX | 4219 Webster Avenue, Bronx 10470
Website: myseshnyc.com

Air City Cannabis
UTICA | 1707 Oriskany St W, Utica 13502
Website: aircitycannabis.com

NY Elite Cannabis
QUEENS | 4215 Bell Boulevard, Bayside 11361
Website: nyelitecannabis.com

Nicklz
NEW YORK CITY | 797 8th Avenue, New York 10019
Website: nicklzny.com

Bedford Club
BROOKLYN | 1102 Bedford Ave, Brooklyn, NY 11216
Website: bedfordclub.com

Update Exotics
NIAGARA FALLS | 9200 Niagara Falls Blvd, Niagara Falls 14304
Website: upstateexotics716.com

The Higher Co.
SYRACUSE | 123 E Willow Street, Syracuse 13202

More NYS Licenses Issued

The positive news continued all through June and what NYS has been doing to build its cannabis industry statewide. An additional 105 cannabis licenses were issued across various types including, Adult-Use Retail, Cultivator, Distributor, Processor, and Microbusiness.

Fine out more from NYS here.

Kentucky Cannabis News

Cannabis License Application Period Opens July 1

Applications to get a license for medical cannabis businesses begins July 1, 2024. Applications can be submitted via the Kentucky state government portal. Several medical license types will be awarded including, Cultivator, Processor, Safety Compliance Facility, and Dispensary.

 

Team Kentucky
Ohio Cannabis News

Ohio Approves First Adult-use Dispensary Licenses

Ohio became the 24th state to legalize the adult-use of cannabis on November 7, 2023. This June, Ohio has approved the first licenses for adult-use dispensaries. They issued 62 provisional licenses and 31 dispensary licenses across Ohio.

 

Ohio Capital Journal

Ohio Now Taking Applications for Dispensary Licenses

On June 7, Ohio opened its window to apply for a recreational dispensary license. Medical dispensaries in Ohio are also eligible to apply to sell recreational cannabis is to adults 21 or older, effectively a dual-license.

Read more from Cannabis Risk Manager.

NBC4i
Pennsylvania Cannabis News

Pennsylvania Introduces Cannabis Legalization Bill

Pennsylvania wants to join the cannabis industry and also pursue expungement for prior cannabis convictions with a newly proposed legalization bill.

Read about it in the Pennsylvania Capital Star.

Pennsylvania Capital Star
Maryland Cannabis News

Maryland Issues Pardons for Misdemeanor Cannabis Offenses

Maryland is among the 24 states that have legalized adult-use cannabis. Maryland Governor Wes Moore issued 175,000 pardons for misdemeanor related cannabis offenses on Monday June 17, 2024. This is a giant step toward trying to help those who have been harmed by the war on drugs. As this action by Governor Moore is welcomed, the damage may never be undone for most, even with a pardon.

Read more at NPR.

NPR
Delaware Cannabis News

Delaware Expands Its Medical Cannabis Program

Delaware expanded its medical cannabis program to allow physicians to make medical cannabis accessible a wider range of patients who may benefit from it. In addition, Delaware allows registered patients who are from other states to access Delaware dispensaries.

Read more from NORML.

NORML
Netherlands Cannabis News

“Coffee Shops” to Try Quality Regulated Marijuana

The Netherlands is conducting an interesting experiment with the goal of providing options for “coffee shops” in the Netherlands to buy quality weed within a regulated network of growers. This would make both quality and quantity accessible to the “coffee shops” without relying on illegal weed. The regulated program launched in late 2023 and is expanding from two cities to ten cities and 80 “coffee shops” across the Netherlands.

Read more from Dutch News.

Dutch News
Slovenia Cannabis News

Slovenian Citizens are in Favor of Cannabis Reform

Recently, Slovenian voters gave their opinions about cannabis reform proposals that were non-binding and had no guarantee that they would become law. The two measures that were “voted” on included opinions on home grow for medical patients, and home grow of cannabis plants for personal use. In both instances, the support was over 50% for each.

Read more about this from Beard Bros Pharms. 

Beard Bros Pharms
CWCBExpo Thanks PROTEUS 420
Exhibitor, Women’s Luncheon Sponsor, Women’s Pavilion Sponsor
Why Should You Exhibit at CWCBExpo New York 2025?
Hear what Dawne Morris, Proteus420’s Co-Founder & CEO said about CWCBExpo 2024:
“Attending CWCBExpo was an incredibly enriching experience, making it the most beneficial and rewarding show we’ve participated in within the cannabis industry.

“The event was meticulously organized, facilitating meaningful business-to-business interactions and offering valuable insights into the latest trends and innovations. The vibrant and inclusive atmosphere fostered a strong sense of community, bringing together passionate professionals dedicated to advancing the cannabis sector. The knowledge and connections we gained have already started to benefit our business.

“We highly recommend CWCBExpo for anyone seeking to deepen their engagement with the cannabis community and explore new business opportunities.”  – Dawne Morris, Co-founder, PROTEUS420

Visit the PROTEUS420 website.

Proteus420
Dawne Morris
PROTEUS420 exhibit booth, CWCBExpo NY 2024

THIS MONTH’S CWCBExpo NY 2024 ARCHIVED VIDEO

““Fireside Chat with Chair Wright of the New York State Cannabis Control Board”“

In this fireside chat, recorded at CWCBExpo, June 5, 2024, we get the current status of New York State’s market and regulations. Front and center is the vision that Chair Wright sees for the NYS cannabis industry amid the DEA moving forward with rescheduling cannabis from a Schedule I drug to a Schedule III drug.

This session was moderated by Will Yakowicz, Staff Writer, Forbes; with Precious Hester Brown, Founder, CEO, Entertaining & Elevating With Cannabis; Ariel Palitz, Founding Director, NYC Mayors Office of Nightlife;  and “Hawaii” Mike, Founder, Chef for Higher

To watch the full video session, click here.

NYSOCM Chair Tremaine Wright and Kristan Jordan

((from the left) Tremaine Wright, Kristin Jordan

The CWCBExpo BLOG: Timely News & In Depth Articles

CWCBExpo blogs contain relevant, timely information. Recent subjects include cannabis research updates and Pennsylvania’s preparation of an adult-use cannabis bill.

Visit the CWCBExpo blog for valuable guides and posts.

Couple enjoying a smoke
Get Exhibitor Info Today

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

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

 

By CWCBExpo

Unveiling Recent Research Highlights

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. 

 

In this month’s national news update, we’re exploring some notable developments in cannabis research, including its social impacts and upcoming studies focused on specific product types. Additionally, we’ll take a look at the market dynamics surrounding cannabis beverages and edibles, two high growth market segments that are popular with a wide range of consumers. Read on to learn more about some of the headlines affecting the cannabis industry nationwide.

 

Rolling paper company seeks volunteers to smoke pre-rolls 

Cannabis rolling paper company DaySavers is seeking 200 volunteers aged 21 and older to participate in their “Science of Smokeability” study. Volunteers will receive $4.20 as a stipend to smoke two free pre-rolls (shipped at the company’s cost) and provide feedback on their experience. 

 

In partnership with the Cannabis Research Coalition and the Network of Applied Pharmacognosy (NAP), DaySavers aims to investigate how different cultivation and processing methods influence the quality and consistency of the smoking experience. Over a two-year period, researchers will analyze laboratory tests and consumer feedback to refine cultivation practices and overall smoke quality. 

 

“This research not only has the potential to improve product quality and consistency but also promote sustainability, profitability, and a deeper scientific understanding of cannabis as a medicinal and recreational product,” the company said in a press release.

 

Study finds older medical patients experience improvement in health and well-being 

A new study published in the journal Drugs and Aging highlighted promising findings regarding the therapeutic benefits of medical cannabis for older adults. The research indicates that cannabis products have the potential to significantly improve health, well-being, sleep, and mood among older patients – mainly related to pain severity and chronic pain. 

 

The study was conducted by a five-person research team and addressed what authors called “a common methodological practice of excluding those aged over 65 years from clinical trials.” Of the products prescribed during the study, patients over 64 were “more likely to receive CBD dominant oil and less likely to receive THC dominant flower by prescription.”

 

“International evidence that older individuals may be the fastest-growing increase in the use of medical marijuana, coupled with their frequent exclusion from controlled trials, indicates a growing need for real-world evidence to assess the effectiveness and safety of these drugs for older individuals,” reads the report. 

 

College enrollment increases in states with legal cannabis 

A recent study analyzing college enrollment trends in states that have legalized recreational cannabis reveals an impact on high education participation. According to the findings, the adoption of recreational cannabis laws increases college enrollments by approximately 9%, with no adverse effects on degree completion or graduation rates. 

 

The study also highlighted that legalization can enhance colleges’ competitiveness, attracting out-of-state students who perceive legal cannabis as a positive amenity. Researchers found no evidence that recreational cannabis laws affect college affordability, education quality, or enrollment rates for in-state students. 

 

“The results indicate that both women’s and men’s enrollments rose significantly after the fourth year of the first dispensary opening,” the report says, noting that the delay could be due to the time it takes for students to decide on and apply to college, as well as the often slow rollout of cannabis retail markets.

 

Cannabis beverage sales grow more slowly than edibles sales 

Cannabis beverage sales have grown more slowly than the total edibles category between Q1 2022 and Q1 2024, according to recent data from BDSA reported by Cannabis Business Times. In Q1 2024, cannabis beverage sales generated $50 million in total across BDSA-tracked markets (AZ, CA, CO, FL, IL, MA, MD, MI, MO, NV, NJ, NY, OH, OR, PA). That represents a 6% share of total edible sales, and a 1% share of total cannabis sales. Comparatively, in Q1 2023, beverage sales totaled $48M across those markets. BDSA forecasts that cannabis beverages will maintain approximately 1% of total cannabis sales across legal markets moving forward.

 

Cannabis gummies continue to dominate the edible market, consistently outpacing other types of edibles in consumer preferences. Three-quarters (75%) of medical and recreational edible consumers have enjoyed gummies in the past six months, while just 8% of the same group report drinking cannabis beverages or teas during the same period. 

 

Continue exploring trends with CWCBExpo 

As more national research and trends unfold, staying informed and connected is essential for industry professionals and consumers alike. Cannabis World Congress Business Expo (CWCBExpo) is the premier event for staying updated on the latest developments and networking with industry leaders. Join us next year and follow us on socials to immerse yourself in the forefront of cannabis and stay connected within the industry.

By CWCBExpo

Lounges Are Coming To NJ, and More

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.

The Northeast cannabis industry is starting the year on the right foot. Here, we’ll take a look at New York, where the cannabis market has surpassed $150 million in total sales and regulators are mulling home grow policy reform and a repeal of the potency tax. And we’ll check in with New Jersey, where cannabis lounges could soon become a reality. Amid such rapid growth and evolution, the need for reliable sources of information is paramount. Join us on a journey through the latest milestones, regulatory shifts, and groundbreaking proposals as we explore the ever-evolving world of cannabis. 

New York cannabis market tops $150M during first year of operations

The New York cannabis market has surged beyond expectations, reaching $150 million in sales during its inaugural year. A report by the New York Office of Cannabis Management (OCM) noted that while just 40 adult-use cannabis dispensaries have opened for business across the state, there were more than 6,900 cannabis industry applications received in 2023, including:

  • 538 cannabis processor applications,
  • 372 cultivation license applications,
  • 351 distributor license applications,
  • 1,349 microbusiness license applications, and
  • 4,324 retail dispensary applications.
  • Of the 6,934 total applications, 3,826 — about 55% — were equity applications, regulators said.

“New York Cannabis has momentum heading into 2024 and we’ll keep working to make this market grow. We have a lot of work to do, and we have much to be proud of; now that the core market architecture is in place, my team at OCM is ready to scale and help this industry thrive across New York State,” OCM Executive Director Chris Alexander said in a statement. 

New York governor proposes repealing cannabis potency tax 

Gov. Kathy Hochul (D) is calling for the elimination of the THC potency tax as a part of her executive budgets, aiming to reduce costs for consumers in a way that would make the regulated market more competitive against illicit operators. 

Hochul’s proposal replaces the potency tax with a wholesale excise tax of 9% in an attempt to “simplify, streamline, and reduce the tax collection obligations and burden for cultivators, processors, and distributors.” Cannabis would still be subject to the existing 9% state retail excise tax and 4% local retail excise tax, as well. 

The brief for the budget changes says the tax changes would “promote and support the expansion of the legal adult-use cannabis market” and also result in $6.5 million in tax revenue for localities. Hochul’s budget proposes $68.1 million in funding for the OCM in the next fiscal year.

New York officials will vote on home cultivation rules in February

New York regulators will vote on a set of proposed regulations for home grow for adult use. The proposal comes more than a year after adult-use sales began in the state. 

The proposal rules would allow adults to grow up to three mature and three immature cannabis plants in their home. The proposal includes a per household limit of six mature plants and six immature plants per private resident, regardless of the number of adults who live there. 

Other proposed rules include: 

  • Individuals can only cultivate at a single location
  • Landlords will not be able to prevent tenants from growing cannabis and will be able to determine whether to install other mitigation policies 
  • Those residing in federal or federally-subsidized housing will not be able to cultivate at home 
  • Home-grown cannabis cannot be shared or gifted 

If passed, adults would also be permitted to keep up to five pounds of cannabis at a time that they have obtained from the legal plants they grow. Currently, adults can possess up to three ounces of cannabis in New York, so this would represent a major increase in the amount of cannabis that is legal to possess.

If the Cannabis Control Board (CCB) approves the proposed rules, a 60-day public comment period would begin. If no significant changes are made based on that period, the OCM will submit the regulations for final approval. A revised proposal would be followed by a 45-day public comment period, so it would still be some months before the rules were implemented if approved.

New Jersey regulators finalize plans for cannabis lounges

Regulators in New Jersey have officially signed off on rules governing the operation of cannabis consumption lounges and are expected to review applications in the coming months. Under the plan, dispensary owners would be eligible to open no more than one lounge, with an associated fee of $1,000 for microbusiness and $5,000 for standard businesses. 

Patrons must be 21 years of age or older to purchase or use cannabis products on-site in these lounges. Notably, medical cannabis patients will be permitted to bring their own products. Sales of food and alcohol will be prohibited. However, customers may be able to bring their own food or order food for delivery, mirroring the rules for New Jersey breweries, wineries, and distilleries. 

Navigating the shifting landscape

To stay at the forefront of major developments facing the cannabis industry throughout the Northeast, CWCBExpo remains your ultimate resource, offering the insights you need to succeed in cannabis. Subscribe to our newsletter or follow us on social media to ensure you don’t miss a beat.

Industry Yacht Party, Liberty Island, 2022
By CWCBExpo

NY and NJ Markets Continue to Expand 

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.

Step into the final stretch of 2023 with our December regional cannabis news update. The edition spotlights a game-changing decision by New York’s Cannabis Control Board, as well as the flourishing market in New Jersey. As we close out the year, witness the expansion of markets across the Northeast as we unpack the details of some of the most pivotal moves in our area. 

MSOs approved to enter the New York adult use market

Following the state’s Supreme Court decision on December 1st to lift an injunction hindering the issuance of new Conditional Adult-Use Retail (CAURD) Licenses, the Cannabis Control Board (CCB) in New York has officially given the green light to multistate operators (MSOs) with medical marijuana licenses to enter the adult use market on December 29th, 2023. 

The decision comes exactly one year after the state launched recreational sales. Thus far, the CCB approved the following six organizations to join the adult use market: 

  • Columbia Care NY, whose parent is New York-based MSO The Cannabist Co.
  • Curaleaf NY, part of New York-headquartered MSO Curaleaf Holdings
  • Etain, owned by RIV Capital, a Toronto-based investment firm
  • NYCanna, part of New York-headquartered MSO Acreage Holdings
  • PharmaCann of New York, whose parent is Chicago-based MSO PharmaCann
  • Valley Agriceuticals, whose parent is Chicago-headquartered MSO Cresco Labs

While the waiting period had been adopted to provide a first-to-market advantage to social equity retailers and smaller supplies, gears have shifted in an effort to expand retail options as hundreds of unlicensed shops continue to plague the market. 

These six companies will eventually be permitted to set up co-located adult-use sales at up to three of their existing medical dispensaries. For the time being, however, each was approved for a single shop that can open by the end of the month. The CCB also approved new medical-only locations for both Citiva and Fiorello. 

New Jersey sales increase as prices drop 

New Jersey cannabis sales are stacking up high, as the recreational market recorded $206.1 million for Q3 2023. This brings the state’s total legal market revenue for the year to $762.9 million. The New Jersey Cannabis Regulatory Commission (CRC) reported a 10% increase in sales in the same quarter, from the $160.2 million in adult use cannabis revenue generated from April through June. 

According to CRC Executive Jeff Brown, consumers are attracted to the licensed marketplace, which includes 70-plus adult-use dispensaries statewide. As a result, prices for products are starting to come down. The average flower price dropped to roughly $354 per ounce at adult-use retail, representing a 10.5% decrease from January’s average price of $396. 

“New Jersey’s market continues to grow,” Brown said during the commission’s regular meeting on Dec. 7th. “For the first time in history, legal cannabis sales in New Jersey eclipsed $200 million in the third quarter of 2023. That includes just shy of $177 million of adult-use sales and just shy of $30 million of medicinal sales.”

New Jersey’s adult-use sales accounted for nearly 86% of all sales for the third quarter of 2023. The state’s medical market continues to shrink due to expanded opportunities for consumers.

More dispensaries are opening across New York 

Gov. Kathy Hochul (D-NY) has announced the opening of one dozen new adult-use dispensaries from Brooklyn to Buffalo. By the end of December 2023, the state anticipates having at least 37 adult-use dispensaries open for businesses. Among the opening locations, eight are majority Black-owned, five are Hispanic-owned, and nine are woman-owned.

“As New York expands the most equitable cannabis market in the nation, my administration remains committed to building a safe industry for all New Yorkers that will grow our small business community,” Governor Hochul said in a press release. “These new dispensaries continue our mission of strengthening our legal market while at the same time helping to push out the bad actors who skirt our laws and undermine all we are trying to accomplish.”

Below is a list of the dispensaries that have recently opened or are set to open this month. Opening dates are subject to change: 

  • Hush – 2460 Williamsbridge Road Fl 1, Bronx 10469, (Opened on Thursday, Dec. 14, 2023)

  • Grow Together – 2370 Coney Island Ave., Brooklyn 11223, (Opened Tuesday, Dec. 19, 2023)

  • Dagmar Cannabis – 412 W Broadway, New York 10012, (Opening on Friday, Dec. 15, 2023)

  • THC Herbal Care – 1412 Lexington Ave., New York 10128 (Tentative opening, Jan. 4, 2024)

  • Happy Days – 105 Route 109, Farmingdale 11735 (Tentative opening on Saturday, Dec. 23, 2023)

  • Elevate – 127 S Terrace Ave., Mount Vernon 10550 (Opened on Monday, Dec. 11, 2023)

  • The Highest Peak – Village of Potsdam, 5 Market St., Potsdam 13676 (Opened on Thursday, Dec. 7, 2023)

  • The Firehaus – 7479 US Highway 11, Potsdam 13676 (Opened Wednesday, Dec. 13, 2023)

  • 420 Bliss – 740 Hoosick St., Brunswick 12180 (Opened on Thursday, Dec. 7, 2023)

  • Capital District Wellness – 997 Central Ave. Suite 200, Albany 12205 (Opened on Friday, Dec. 8, 2023)

  • Amsterdam Cannabis – 1451 State Highway 5S, Amsterdam 12010 (Opened on Friday, Dec. 9, 2023)

  • Premier Earth Corp – 1297 Hertel Ave., Buffalo 14216 (Opened on Wednesday, Dec. 13, 2023)

  • MJ Dispensary – 900 Jefferson Rd Ste 902, Rochester 14623 (Opened on Tuesday, Dec. 12, 2023)

Embrace growth with CWCBExpo

December marks a transformative period for the Northeast’s cannabis landscape. As we bid farewell to 2023, the region is poised for continued growth and innovation. Stay up to date with our latest updates and join us for insightful discussion at our upcoming in-person conferences – where the pulse of the industry will continue to beat strong in the new year.  

Christine Ianuzzi Show Floor Interview NY 2018
By CWCBExpo

A Monthly Dive into Potential Shifts

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.

 

Get ready to dive into the freshest insights involving the cannabis landscape with CWCBExpo’s latest national news update. This month unfolds with a U.S. senator’s call for Drug Enforcement Agency (DEA) action, a Gallup poll unveiling record-high support for federal cannabis legalization, and Congressional Democrats seeking more federal regulatory guidance for cannabis business owners.

 

Senator pushes DEA to act on cannabis rescheduling 

 

In a recent letter, Sen. Kristen Gillibrand (D-NY) urged the Drug Enforcement Administration (DEA) to expedite the rescheduling of cannabis, a recommendation which was put forth by the U.S. Department of Health and Human Services (HHS) in August 2023. 

 

In the letter, which was addressed to DEA Administrator Anne Milgram, Gillibrand expressed her belief in the complete descheduling of cannabis and emphasized the immediate necessity of rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA). 

 

“Marijuana is simply not comparable to other Schedule I substances like heroin, LSD, and MDMA. Moreover, marijuana enforcement has, for decades, disproportionately targeted communities of color,” Gillibrand stated in a press release. “This means that people of color are more likely to have criminal records for marijuana possession and to face needless barriers to employment, housing, and educational opportunities as a result. It is past time to end overly restrictive federal marijuana policy and I urge the DEA to do so immediately.”

 

The full content of Senator Gillibrand’s letter to the DEA is available here. 

 

Public support for cannabis legalization reaches an all-time high

 

According to a new Gallup poll, seven in 10 Americans support cannabis legalization, an all-time high since the Washington, DC-based analytics and advisory company began polling on the topic in 1969. 

 

In the first poll, conducted in 1969, only 12% of respondents supported cannabis reform. This year, 70 percent of U.S. adults say cannabis should be legal for adult consumption. It’s the first time support for legalization has increased since 2020, up from 68 percent in favor of legalization during the past three years of polling.

 

For the second year in a row, majority support for legalization was found among all demographics, including age, political party, and ideology. There were no notable differences in support by gender, race, or education. Only 29 percent of respondents said they think cannabis should not be legal, while one percent remain unsure. 

 

Democrats seek federal guidance for cannabis business owners with prior convictions 

 

A group of 20 Congressional Democrats have formally reached out to the Treasury Department urging a revision in guidance to alleviate constraints faced by cannabis business owners with prior convictions related to cannabis. 

 

Since 2014, the Financial Crimes Enforcement Network (FinCEN) has directed financial institutions to consider various “red flags” before extending services to cannabis-related businesses. This includes all past cannabis criminal records and involvement in the illegal purchase or sale of cannabis, regardless of whether the act is now considered legal at the state level. Consequently, banks can view business owner’s convictions for simple cannabis possession as a reason not to provide financial services such as banking services or business loans, even in states where cannabis is now legal. 

 

The group of lawmakers — led by U.S. Sens. Elizabeth Warren (D-Mass.), Jeff Merkley (D-Ore.), Raphael Warnock (D-Ga.) and U.S. Representative Earl Blumenauer (D-Ore.) — conveyed their concerns in a letter addressed to Treasury Secretary Janet Yellen and FinCEN Director Andrea Gacki underscoring the current guidance as “outdated.” 

 

“The updated guidance should clarify that if a marijuana-related act has been expunged, pardoned, is no longer illegal under state law, or is not disqualifying for obtaining a state marijuana license or permit … then financial institutions should not consider that offense a ‘red flag’ when conducting customer due diligence of marijuana businesses,” the lawmakers said in the letter.

 

USDA may revoke hemp licenses for cannabis farmers 

 

The U.S. Department of Agriculture (USDA) is taking a firm stance on hemp cultivation, reportedly revoking licenses for farmers engaged in the simultaneous cultivation of cannabis within state-approved programs. 

 

Hemp cultivation was legalized in the 2018 Farm Bill, which enabled farmers across the country to begin producing hemp plants, defined as cannabis that contains 0.3% THC content or less. Since, some farmers in states where cannabis is legal have also begun cultivating marijuana containing higher levels of THC, something the USDA apparently wants to put a stop to. It’s unclear how many farmers have been contacted by USDA, however, the decision could have significant implications for farmers navigating the cultivation landscape. 

 

Vermont-based farmer Sam Bellavance told Seven Days that he received an email from a USDA official months after he began growing marijuana under his state’s program. According to Bellavance, the email notes, “regulations don’t allow for a hemp-licensee to also be producing marijuana, even if licensed to do so by a state program,” and went on to tell Bellavance he would need to surrender either his federal hemp license or his state recreational cannabis license.

 

With changes causing serious issues for cultivators, lawmakers, and industry stakeholders are considering potential changes to the next large-scale agriculture legislation to better serve hemp farmers. This includes proposals to free up hemp businesses to legally market products like CBD as dietary supplements and to remove industry restrictions on people with certain prior drug convictions.

 

Elevate your insights with CWCBExpo 

 

When it comes to cannabis, being in the know is paramount for success. Keep your finger on the pulse by following CWCBExpo’s monthly news updates and mark your calendar for our annual in-person conference in NYC. It’s your golden ticket to participating in the evolving discourse of the industry. Don’t miss out on the chance to shape the future – join the conversation with CWCBExpo! 

By CWCBExpo

Federal Reform Legislation Reintroduced as Industry Growth Continues

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 to get the most recent edition when it’s published.

CWCBExpo’s news updates provide a comprehensive overview of the ever-evolving cannabis industry landscape. This month’s federal news update highlights potential changes in legislation as well as updates on workplace drug testing. From the first hearing on the SAFE Banking Act (again!) to changes in federal drug testing laws, get ready to delve into the latest updates from across the nation. 

Lawmakers reintroduce bipartisan legislation for federal Legalization 

U.S. Democratic and Republican lawmakers have reintroduced a bill to set the basis for the federal legalization of adult-use cannabis. The bill called the “Preparing Regulators Effectively for a Post-Prohibition Adult Use Regulated Environment (PREPARE) Act,” was reintroduced last week by Congressman Dave Joyce (OH-14) and House Minority Leader Hakeem Jeffries (NY-8). 

The PREPARE Act aims to foster collaboration among a wide range of experts in the pursuit of cannabis reform. It works toward the establishment of a federal regulatory system and strives to lay the groundwork for a more effective, informed, and inclusive approach to cannabis policy. 

“The PREPARE Act is one of the bipartisan solutions that will lay the groundwork to finally right these wrongs in a way that advances public safety and boosts our economy,” said Jeffries in a press statement.

U.S. lawmakers have attempted to pass legislation affecting segments of the cannabis industry in the past through legislation like the MORE Act and the SAFE Banking Act. However, there has been no luck so far passing a bill on a national level that affects the cannabis industry. 

Senate holds first hearing on the SAFE Banking Act 

The Senate banking committee held its first-ever hearing on May 11th regarding a bipartisan bill that would formally codify banking best practices for the cannabis industry.

The meeting, coined “Examining Cannabis Banking Challenges of Small Businesses and Workers,” featured testimony from lawmakers on both sides of the political spectrum, including Sens. Jeff Merkley (D-OR) and Steve Daines (R-MT). Representatives from organizations such as the Cannabis Regulatory of Color Coalition, Drug Policy Alliance, and the United Food and Commercial Workers International Union presented their perspectives. 

“The cannabis landscape looks far different than it did a few short years ago,” Banking Committee Chairman Sherrod Brown (D-OH) said in a statement. “Cannabis has been legalized or decriminalized in almost every state. States and localities have established licensing and social equity programs to ensure that small businesses and communities impacted by the War on Drugs are part of the growing legal cannabis industry.”

While the bill has seen significant attention over the last few years with support from Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY), it’s still in the early stages of the legislative process. In order to become a law, it would need to pass the Senate and House before reaching the President’s desk for final approval. 

U.S. Department of Transportation finalizes cannabis testing policies

The U.S. Department of Transportation (DOT) amended its drug testing policy, in a move that carries potential implications for commercial drivers, truckers, pilots, and other equipment operators who consume cannabis outside of work.

Published in the Federal Register on May 2nd, the notice explains that oral saliva testing for THC is now permitted. Prior to this rule change, urine-based tests were required. 

Because THC can show up in drug screenings for weeks or months after consumption, urine tests have received backlash among workers and advocates who say these tests are ineffective and can infringe on privacy. These affected workers could be sober on the job, but may show up as positive for THC anyway. Oral saliva testing aims to adapt drug testing methods to better align with the evolving landscape of cannabis use, as THC is detectable in saliva for up to 72 hours after consumption. 

“Allowing employers to use oral fluid testing may improve the effectiveness of drug testing,” the DOT stated. “Oral fluid testing can detect the recent use of some drugs, including marijuana and cocaine, while urine drug testing has a longer window of detection.”

Stay informed with CWCBExpo 

To stay informed and up-to-date with the latest developments in federal cannabis news, there is no better place than CWCBExpo. Our news updates provide valuable insights, analysis, and resources. And don’t forget to mark your calendars for our upcoming in-person trade show – where you can connect with other industry leaders and fully immerse yourself in the cannabis community.  Join us at CWC to stay ahead of the curve and be a part of the dynamic growth of the cannabis industry.

Dasheeda Dawson
By mpvaccaro

Dasheeda Dawson, NYC’s Cannabis Czar to Keynote at CWCBExpo

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Press Release – May 22, 2023

CWCBExpo logo
June 1 - 3, 2023, New York City, Javits Convention Center
Dasheeda Dawson
Dasheeda Dawson, NYC’s Cannabis Czar to Keynote at 9th Annual CWCBExpo in New York, June 1-3, 2023

Leading East Coast Trade Show & Conference Highlights Business Opportunities & Features Project Clean Slate, an Expungement Clinic 

 

(Paramus, NJ, May 2023)—NYC’s “Cannabis Czar” Dasheeda Dawson, Founding Director of Cannabis NYC, will deliver a Keynote at CWCBExpo on Thursday, June 1st at 10:15 am.  Dawson was appointed Founding Director of Cannabis NYC by Mayor Eric Adams in October 2022, and she oversees the interagency creation and curation of citywide resources and services to help build an equitable and sustainable cannabis industry, including helping entrepreneurs to apply for licenses, access financing opportunities, and navigate municipal regulations.  CWCBExpo New York, June 1-3, is the longest running cannabis event at the Javits Center and in New York City, and has become the premier B2B trade show and conference on the East Coast.

During Dawson’s keynote, attendees will be able to hear first-hand about the support that the NYC Department of Small Business Services, through Cannabis NYC, is providing to help the legalized cannabis industry flourish including public education, capital investment, certification programs and first-of-its-kind business solutions for aspiring cannabis entrepreneurs.

“CWCBExpo is an exciting opportunity to talk directly to the community about what’s next for the City’s burgeoning legal cannabis industry,” said Dasheeda Dawson. “This partnership will shine a spotlight on the citywide resources and services available to all New Yorkers interested in cannabis, particularly for those disproportionately impacted by previous prohibition and criminalization.”

“Bringing our Lift Off! Cannabis NYC tour to this year’s CWCBExpo doesn’t just represent new business opportunities, but it further amplifies our ongoing mission to provide equitable access and restorative justice in every sector of the developing industry. I’m looking forward to the work we can do together now and in the future,” Dawson added.

With the legalized cannabis market in New York and the tri-state area on track to be a multi-billion dollar industry, CWCBExpo will provide unmatched insight and education on this multi-layered business sector.  More highlights include:

– Interactive panel sessions exploring all angles of the business including:  Social Equity: Entrepreneurs, Change Makers, and Heroes; Consumer Products: What are the most Popular and Hottest Products? and Technology to Maximize ROI for Grow Facilities From Seed to Processing.

– The New York State Office of Cannabis Management (NYS OCM) hosting a specialized seminar program designed exclusively for CWCBExpo attendees on Saturday, June 3rd, and ends with a CAURD (Conditional Adult Use Dispensary) Q& A session.

– “Adult-Use Retail Dispensary Business Bootcamp: How to Execute Your Operational Plans for a Successful Launch and Business Operation,” moderated by Sara Gullickson, Founder, CEO, and Maxime Kot, President of Cannabis Business Advisors.

 –The CannaVest East Institutional Capital Forum, running alongside CWCBExpo on June 1-2, which includes a talk with Tremaine Wright, Chair, New York State Cannabis Control Board.

– Specialty show floor areas such as the Women Pavilion spotlighting innovative products and services from emerging women-owned companies; University Row featuring leading academic cannabis curriculums; “LGBTQ+ Proud Mary Lounge” providing a safe and welcoming place to network, learn, and build a community of business and entrepreneurial interests and debuting this year Cannabis NYC, Veterans Rally Point, and Grower’s Field.

Project Clean Slate, the social justice program created by Minorities for Medical Marijuana (M4MM) is hosting a cannabis expungement clinic inside CWCBExpo on Saturday, June 3rd from 10:00 am until 3:00 pm. Free passes will be provided to those in need of expungement services with pre-registration required here:  https://projectcleanslate.org/cwcbexpo-2023-pre-regis

“The criminalization of marijuana disproportionately impacted black and brown people,” said Roz McCarthy, M4MM Founder & CEO. “This is an opportunity to reduce some of the impact and damage individuals with these charges have faced.”

“The war on drugs has devastated our communities.  Expungement is a way to help even out the field, and a way that we are helping to not only repair some of the harm but also restore people in our communities. They will no longer be barred from obtaining gainful employment, sufficient housing and if they choose, be able to participate in this now legal thriving cannabis industry.” said LaKisha Camese, Project Clean Slate Program Director. 

A hallmark of the CWCBExpo New York events are the ample business-building opportunities including the Networking Mixer, Industry Yacht Party, and Cannabis Week fund raisers and gatherings including the NORML FORML. CWCBExpo New York will also have a dynamic expo floor on the expansive third level of the Javits Center (Hall 3A) with the most innovative product, service and technology companies showcasing their solutions for the entire cannabis ecosystem.    

To register and secure the best pre-show pricing go to: https://cannabismeansbusiness.com/registration_ny/

For more information email: cwcbe@cannabismeansbusiness.com or call 201-580-2050.

About Cannabis World Congress & Business Exposition (CWCBExpo)

CWCBExpo is a business-to-business trade show event for the legalized cannabis and hemp industry. It is held in the largest business, financial, and media markets. It 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, email: press@cannabismeansbusiness.com

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By CWCBExpo

CWCBExpo Succeeds in New York

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Press Release - December 8, 2021

CWCBExpo logo
June 2 - 4, 2022, New York City, Javits Convention Center
CWCBExpo Succeeds in New York

 Premier East Coast Trade Show for Cannabis and Hemp Reunited the Industry at the Javits Center

(Paramus, NJ, December 2021)—The 7th Annual CWCBExpo (Cannabis World Congress & Business Exposition), November 4-6, had a triumphant return to an in-person event at the Javits Convention Center.  More than 6,000 business, retail, healthcare and financial professionals from the tri-state area, across the country, and even around the world attended.    

With a strong foothold in New York, CWCBExpo is the largest B2B event on the East Coast for the legalized cannabis and hemp industries.  Attendees came for several days of non-stop education, business-building and networking.  The CWCBExpo NY conference program featured unmatched learning experiences and mind-share with thought leadership panels and interactive talks.

Opening the event was a significant ribbon cutting ceremony with New York’s Lt. Governor, Hon. Brian A. Benjamin.  “As a Senator, I was proud to support MRTA because it promoted equity and opened up new avenues of business for NY.  As Lieutenant Governor, I was honored to open up the expo this year and look forward to working with the NYS Office of Cannabis Management to develop this important industry in our state,” he stated.

Tremaine Wright, the recently appointed Chair of New York’s Cannabis Control Board, made her first public presentation at CWCBExpo New York on Nov. 4th.  “We’ll level the playing field,” Wright told the overflowing crowd in the main lecture room at CWCBExpo.  “If we were to allow huge corporations to dominate, it would be just another way to undermine and repress communities that have been unduly burdened. We’re ready to make cannabis inclusive.”

After her special presentation at CWCBExpo, Wright and members of the New York State Office of Cannabis Management spoke one-on-one with attendees and visited the exhibit hall. 

More highlights from the history making CWCBExpo New York included:

—Gerald Pascarelli, CFA, Vice President, Consumer – Beverages, Cannabis & Tobacco, of Cowen, industry update that focused on data, highlights and trends and opportunities in the Cannabis and Hemp industries

—In Conversation with Christopher “CJ” Wallace, Co-Founder Think BIG and Frank White, and Willie Mack, Co-Founder & CEO Think BIG and Frank White keynote moderated by Dan Harris, Author, Podcaster and Entrepreneur, Founder, Ten Percent

—A Coast to Coast MSOs Perspectives with Faye Coleman, Founder and CEO of Pure Genesis, and Calvin Frye, Founder of Cloneville, moderated by Steve Gelsi of MarketWatch

—Geoff Whaling, Chair of the National Hemp Association, former Co-Founder and President of Collective Growth Corporation & Canopy Growth HIP, announced his next great adventure launching the $500M rePLANT Hemp ESG Fund

CWCBExpo New York featured a dynamic expo floor on the expansive third level of the Javits Center (Hall 3A). Hundreds of the most innovative product, service and technology companies showcased their solutions for the entire cannabis ecosystem.

Plans are underway for the next CWCBExpo New York, taking place in its traditional timeframe, June 2-4, 2022 at the Javits Convention Center.  For more information on exhibiting and sponsorship opportunities email: sales@cwcbexpo.com or call 201-580- 2050.

Visit www.cannabismeansbusiness.com for the latest updates on the event.

About Cannabis World Congress & Business Exposition (CWCBExpo)

CWCBExpo is a business-to-business trade show event for the legalized cannabis and hemp industry. It is held in the largest business, financial, and media markets. It 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.

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