Aleece Burgio, Cannabis Team leader, and Patty Naughton, partner, wrote “New York’s Potential Pitfalls When Legalizing Adult Use Cannabis.” Aleece and Patty said:
Many insiders expect that New York State will legalize adult use cannabis in 2021 through the budget process by adopting either the Cannabis Regulation and Taxation Act (“CRTA”) or the Marijuana Regulation Taxation Act (“MRTA”). Regardless of which law is ultimately enacted, the market will struggle if the legislation does not strike the right balance on key issues, such as social equity, tax rate, and the sale of marijuana flower.
Read the full article here.