The burgeoning legal marijuana business is about to take off in New York City.
New York became the 15th state this month to legalize adult marijuana, paving the way for a new industry to legitimately grow, process, and sell weed.
Coupled with the expansion of the state’s existing medical marijuana program and the continued growth of the industrial hemp / CBD industry, this presents the opportunity for any number of new business opportunities.
NY Cannabis Insider is a virtual conference designed to help current and new entrepreneurs learn the pros and cons of running a potentially lucrative yet complicated business.
The event will take place on May 20th, 10am to 1pm and is hosted by Advance Media New York, the company that publishes The Post-Standard, syracuse.com and NYUP.com. Tickets are priced at $ 45 now through May 10. After that date, they cost $ 65. Register and buy tickets.
The event features multiple panels and breakout sessions, including an online networking opportunity. Speakers and panelists include experts in business, law, finance, and other aspects of the cannabis business.
Although possession of up to 3 ounces of marijuana is now legal for anyone age 21 and older, many other aspects of the new law will take some time to take effect. Medical marijuana expansion should begin in about six months, but recreational marijuana legal production and sales can take up to two years.
The state is still setting up a cannabis management bureau that oversees all aspects of marijuana, hemp, CBD, etc. He will also be responsible for creating the specific rules and regulations for these companies.
Read more about marijuana and cannabis on syracuse.com:
Legal marijuana in NY: what you need to know about owning, growing, and doing business
New York’s Huge Medical Marijuana Boost: Patients Need To Know By Now
Are marijuana and weeds the same thing? Pot Nicknames Explained (Video)
CNY cities, towns and cities have to decide: should we ban retail marijuana sales?
You can find all the stories at syracuse.com/marijuana
Don Cazentre writes for NYup.com, syracuse.com, and The Post-Standard. You can reach him at email@example.com or follow him on NYup.com, on Twitter, or on Facebook.