Cannabis Legislation Experts

On the evening of March 27, 2021, the New York State Legislature and the Governor agreed to legalize recreational cannabis for adult use. New York now joins its neighbors in the North East and across the nation in providing an expanded medical option and recreational options for adults.

Excelsior Advisors has therefore assembled a team of experts that will help guide you in obtaining a license to sell, grow or transport Cannabis legally in New York State.

From seed to retail. We know what we're talking about.

The Current Legislation:

• Establishes an Office of Cannabis Management with a board comprised of 5 members - 3 appointed by Governor and 1 by each legislative house, with the chair subject to Senate confirmation.

• Establishes an Executive Director appointed by the Governor subject to Senate confirmation, and a Chief Equity Officer subject to approval by at least 4 members of the board.

• Establishes a Cannabis Advisory Board representing a broad range of communities of interest, which will be responsible for approving grants from the Community Reinvestment Fund as well as making policy recommendations and reporting on the state of the cannabis program.

• Grants the Office of Cannabis Management powers to evaluate license applicants use a broad range of metrics, including social equity status, commitment to environmentally sound policies, public health, and fair labor practices.

• Expands the medical cannabis program allowing for additional licensees, expanded patient access, and a broader range of product types.

• Allows current Registered Organizations limited access to the adult use market in exchange for licensing fees that will help fund equity programs. The legislation prohibits vertical integration for all other licensees except micro-businesses to protect the retail sector from being controlled by larger cannabis producers, and establishes a goal of 50% of licenses going to equity applicants.

• Allows limited homegrow of three mature and three immature plants per adult for both medical patients and in the adult use program, with a maximum of six mature and six immature plants per household, subject to regulation by the Office of Cannabis Management. • Provides funding for training drug recognition officers and expands traffic safety protections, including the development of roadside testing technology.

• Allows for localities to opt out of retail sales at the city, town, and village level

• Sets a 9% sales tax on cannabis, plus an additional 4% tax split between the county and city/town/village, plus an additional tax based on THC content as follows: 0.5 cents per milligram for flower, 0.8 cents per milligram for concentrated cannabis, and 3 cents per milligram for edibles.

There are many steps that need to be established before this is implanted fully. For instance, a new government Division will be developed under the current State Liquor Authority (SLA). They need to hire staff, create a process and establish regulations immediately.

Our team is very well equipped to begin the process of evaluating your eligibility for a license and begin talking to decision makers about your future plans.

PleaseContact Us Today

Our Services Include:

Our approach is to fully understand our client's concerns, issues and goals and to provide them with skilled and experienced advocates that will develop and manage an efficient and clear path to success in dealing with government on all levels. The needs of our clients always come first, and we will do everything in our power to ensure that we have provided the best service possible.