Aleece Burgio Grappling With Cannabis Rules, Regulations and Litigation
Aleece Burgio, Chair of the Cannabis Law Section Programming Committee, writes that the section has sought to keep practitioners apprised of the latest developments and provide them with the information that they need to set the highest possible legal and business standards for licensed entities and their cannabis products.
January 17, 2023 at 09:50 AM
3 minute read
Since the Marijuana, Regulation and Taxation Act was signed into law almost two years ago, New York has grappled with how to implement a regulated market that is competitive, fair and promotes equity. No easy feat, particularly because cannabis remains a Schedule I controlled substance on the federal level.
The federal prohibition continues to constrain every facet of the cannabis market. From capital investments to traditional banking services, market participants face steep practical challenges entering the market. In light of this, the New York Cannabis Control Board (CCB) and Office of Cannabis Management (OCM)—the state's cannabis regulatory bodies—have sought to prioritize those who have been disproportionately affected by the war on drugs as the first entrants into the regulated market.
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