The first year of legal adult-use cannabis in New York seems as good a year as any to continue the Canna Law Blog’s tradition of annual reflection on all things cannabis (and now psychedelics too!). 2021 has been a groundbreaking year for the cannabis industry in New York. We expect 2022 to be another year of pushing towards a fully functioning cannabis industry. Let’s take a look at the noteworthy events of 2021 and what we expect to see in 2022.
Noteworthy Events in 2021
The Marijuana Regulation and Taxation Act (MRTA)
It may have taken a few years, a global pandemic and a political scandal(s), but New York’s legislature finally passed a comprehensive cannabis law that legalized adult-use cannabis. The MRTA also expanded New York’s medical cannabis program and revamped New York’s cannabinoid hemp program. We have the framework for a fully functioning and equitable cannabis industry, delays in appointments and issuance of rules and regulations aside.
We won’t rehash the details of the MRTA, which you can read about here, here, here, here, and (watch) here (among other posts). The important thing is that adult-use cannabis is now legal in New York and we are finally moving forward.