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New Law Advances Equity, Supports Small Businesses and Strengthens Market Opportunities

Governor Hochul today signed legislation designed to strengthen New York’s regulated cannabis market. S.10113/A.11217 supports small businesses and advances one of the state’s fastest-growing industries, marking an important step forward for business owners, consumers and the continued growth of New York’s cannabis marketplace.

“This new law gives licensed microbusinesses and dispensaries a real chance to succeed in New York’s legal cannabis market,” Governor Hochul said. “By opening the door for legal operators to sell at approved community events and farmer’s markets we are putting small entrepreneurs on a level playing field, expanding consumer access to safer, regulated products and strengthening one of New York’s fastest growing industries.”

Office of Cannabis Management Executive Director John Kagia said, “Regulated cannabis has proven to be an economic engine for New York, but the strength of this market lies in the businesses operating across the supply chain. The Governor signing this bill secures a critical opportunity for the microbusinesses building New York’s craft cannabis ecosystem to showcase their products at events across the state. This bill advances equitable, inclusive opportunity for our small businesses, and we thank the Governor, Senate and Assembly for their continued commitment to strengthening New York’s cannabis market.”