The budding legal marijuana business is about to start a big growth spurt in New York.
New York this month became the 15th state to legalize recreational adult-use marijuana, setting the stage for a new sector of the economy engaged in the legitimate growing, processing and selling of weed.
Coupled with the expansion of the state’s existing medical marijuana program and continuing growth in the industrial hemp/CBD industry, that offers the chance for any number of new business opportunities.
NY Cannabis Insider is a virtual conference that aims to help current and new entrepreneurs learn the ins and outs of what is shaping up to be a potentially lucrative yet complicated business.
The event is 10 a.m. to 1 p.m. May 20 and hosted by Advance Media New York, the company that publishes The Post-Standard, syracuse.com and NYUP.com. Tickets are $45 from now through May 10. After that date, they are $65. Register and purchase tickets.
The event features several panels and breakout sessions, including an online networking opportunity. Speakers and panelists include experts in the business, legal, financial and other aspects of the cannabis business.
Although possession of up to 3 ounces of marijuana is now legal for those 21 and over, many other aspects of the new law will take time to get underway. The medical marijuana expansion should be starting in about six months, but the legal production and sales of recreational marijuana may take as much as two years to begin.
The state is still setting up an Office of Cannabis Management, which will oversee all aspects of marijuana, hemp, CBD etc. It will also be in charge of writing the specific rules and regulations for those businesses.
Read more on marijuana and cannabis at syracuse.com:
Legal marijuana in NY: What you need to know about possession, growing, business opportunities
New York’s huge boost for medical marijuana: Here’s what patients need to know now
Are marijuana and weed the same thing? Pot nicknames, explained (video)
CNY towns, villages, cities will have to decide: Should we ban retail marijuana sales?
See all stories at syracuse.com/marijuana
Don Cazentre writes for NYup.com, syracuse.com and The Post-Standard. Reach him at dcazentre@nyup.com, or follow him at NYup.com, on Twitter or Facebook.
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