[ad_1] New York City has a culture all its own. It feels massive, yet it’s just a tiny island. It’s impersonal and overwhelming but surprisingly intimate. For an outsider, it’s hard to imagine finding a sense of community amid high rises and countless strolling strangers. For NYC residents though, there’s a connectedness and a fierce loyalty to the neighborhoods they call home. As the state started rolling out its legal cannabis program, it became the…
"New York’s Stagnating Equity Program Kept Applicants in Limbo"Tag: Equity
[ad_1] A common way to get and retain employees is to issue them options or equity securities like corporate stock. But like with everything else, issuing securities is heavily regulated. Today, we’ll look at a few key issues for cannabis businesses that want to offer equity incentives. How do cannabis companies offer equity incentives? There are two common ways that cannabis companies offer equity incentives: First, companies may create an equity incentive plan (or EIP).…
"Equity Incentives and Cannabis Businesses"
[ad_1] The commercialization of the cannabis market has resulted in its transformation from a movement to an industry. This shift brings added responsibilities, particularly in the area of social equity. As a regulated industry, the cannabis market bears a significant burden to prioritize and advance fairness and justice. The marijuana industry in the US, both medical and recreational, is thriving nationwide. With legalization in various states, business owners are eager to establish cultivation sites,…
"Why Did the Rich, White CEO of Curaleaf Say Social Equity Programs Go Too Far? And Is He Right?"
[ad_1] As we previously broadly summarized on December 27, 2022 (here), in late December 2022, the Office of Cannabis Management (“OCM”) released its first proposed adult-use cannabis rules and regulation for New York (the “Proposed Regulations”). The official document is 282 pages, so we won’t cover every detail. But we will highlight the big-ticket items, significant issues that all applicants should be aware of, and the license application process as a whole. This post will go…
"New York Cannabis: Social and Economic Equity Applicants"