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“New York is going to be Amsterdam on steroids,” said Jeanne Sullivan, a longtime New York-based cannabis investor, citing the tens of millions of tourists who flock to the city every year. Despite the liberal leanings of East Coast states, the region has lagged on cannabis because many do not allow citizens to place initiatives on the ballot. Most states that have liberalized their cannabis laws have done so through voter-led efforts. But last year, New York and Connecticut passed legalization legislation, while New Jersey lawmakers approved a legal cannabis framework, carrying out a 2020 ballot measure allowing adult use….

A Connecticut legislative committee on Friday approved a bill that would set the state up to provide certain patients with access to psychedelic-assisted treatment with substances like MDMA and psilocybin. Before the vote, several members of the joint Public Health Committee remarked on the compelling testimony of top military officials, advocates and scientists who spoke about their experiences and the potential impact of the reform at a hearing earlier this week. The legislation was approved on a noncontroversial basis as part of the panel’s consent calendar. It now advances to floor consideration. The measure, HB 5396, would create psychedelic treatment…

New York legislative leaders have filed budget proposals that include language to let marijuana businesses take state tax deductions that are available to other industries despite an ongoing federal ban. Both the Assembly and Senate budget measures that are expected to pass in advance of an April 1 deadline seek to carve out an exemption that would enable cannabis businesses to make the deductions as the state prepares to launch its adult-use market. Retailers could start opening as early as this year. This is not an issue that’s unique to New York’s marijuana industry. Medical and adult-use cannabis companies across…

At least 30% of Connecticut municipalities have banned or instituted a moratorium on recreational marijuana businesses, according to data tracked by the Department of Consumer Protection, posing serious challenges for the industry as it looks to get off the ground in the months ahead. But cities and towns that embrace the sector early on – at least 12 have established zoning rules permitting adult-use cannabis companies, according to DCP – will have an advantage in spurring potential economic development activity when the recreational market officially launches, potentially by the end of this year, experts said. “There’s no doubt that there’s…

 RIPCO Real Estate (RIPCO), the leading independent retail brokerage in the tri-state, with services including leasing, investment sales and property management and debt and structured finance, is proud to announce its growth in the cannabis market. The team will be focusing on representing both tenants and landlords looking to lease space that specializes in recreational and medicinal marijuana sales throughout New York, New Jersey and Connecticut. The brokerage is currently servicing 35 clients within the cannabis sector, with 125,000 square feet of space secured across the tri-state area. RIPCO team members, Colby Piper of New Jersey, Darrin Chandler Jr. of New Jersey, Lisa Ricca…

Connecticut, in recent years, hasn’t been known for attracting out-of-state companies, especially when state incentives aren’t involved. Sure, we’ve scored a few wins in 2021 with several companies announcing moves or expansions to Fairfield County, but that’s more of an aberration than the norm. But if you read our cover story this issue, you’ll see that out-of-states companies (in addition to Connecticut-based players) will be rushing to enter Connecticut’s recreational cannabis industry. Many companies, from large national players like Massachusetts-based Curaleaf and Green Thumb Industries in Chicago, to small purveyors like Bay State-based Green Meadows, are working on business plans…