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Articles by Terran Cooper
The Future Of Cannabis After Rescheduling
The Drug Enforcement Agency (DEA) has agreed with Health and Human Service’s (HHS) recommendation for cannabis to be rescheduled to Schedule III, with Schedule III drugs defined as having a moderate to low potential for physical and psychological dependence (Schedule III drugs include ketamine, anabolic steroids, and testosterone). This rescheduling will have a significant impact on state-legal cannabis businesses, but some uncertainty remains.
The Future Of Cannabis After Rescheduling
The Fresh Toast – The cannabis world is going through another major change, so what is the future of cannabis after rescheduling? The Drug Enforcement Administration (DEA) is moving for cannabis to be rescheduled. The anticipated rescheduling follows the Department of Health & Human Services’ (HHS) August 2023 recommendation, based on scientific support for the rescheduling from the FDA, that cannabis be rescheduled under Schedule III of the Controlled Substances Act.
Initial Tax Relief For NYC Cannabis Businesses – Is More To Come? - - United States
As New York State anticipates licensing hundreds more cannabis businesses in the coming months, New York State has permitted New York City to decouple from Section 280E of the Internal Revenue Code. Section 280E of the IRC has been a longstanding burden on state-legal cannabis businesses across the nation.
NYC Cannabis Landlord Accountability Law Has Limitations
By Michael Curatola, Terran Cooper and Andrew Cooper (July 31, 2023, 5:21 PM EDT) -- In April, New York City Council member Lynn Schulman introduced a bill[1] that would prohibit landlords from knowingly leasing to a commercial tenant engaged in the unlicensed sale of cannabis, tobacco products, cigarettes or electronic cigarettes.... Law360 is on it, so you are, too.
NYC Pushes Unlicensed Cannabis Enforcement to Landlords
In April 2023, New York City Councilmember Lynn C. Schulman introduced a bill to the City Council which would prohibit landlords from leasing to a commercial tenant engaged in the unlicensed sale of cannabis. After being approved by the Committee on Public Safety, the bill was sent to, and also approved by, the full Council on Thursday, June 22nd. It will now be sent to the desk of Mayor Eric Adams, who has 30 days to either sign the bill and enact it into law, or veto it.
NYC Pushes Unlicensed Cannabis Enforcement to Landlords Original
In April 2023, New York City Councilmember Lynn C. Schulman introduced a bill to the City Council which would prohibit landlords from leasing to a commercial tenant engaged in the unlicensed sale of cannabis. After being approved by the Committee on Public Safety, the bill was sent to, and also approved by, the full Council on Thursday, June 22nd. It will now be sent to the desk of Mayor Eric Adams, who has 30 days to either sign the bill and enact it into law, or veto it.
How Blockchain Technologies Are Changing The Cannabis Industry - - United States
The blockchain and cannabis industries are two of the newest and largest markets to emerge in our lifetime. Both blockchain technology and the cannabis industry have reached new highs in recent years, but both are facing difficulties in 2023. The blockchain industry remains largely unregulated and is currently recovering from several high-profile scandals. Still, the value and underlying utility of blockchain tools cannot be understated.
NYC Landlords Could Soon Be Liable For Unlicensed Cannabis Sales - - United States
In April 2023, New York City Councilmember Lynn C. Schulman introduced a bill to the City Council which would prohibit landlords from leasing to a commercial tenant engaged in the unlicensed sale of cannabis. After being approved by the Committee on Public Safety, the bill was sent to, and also approved by, the full Council on Thursday, June 22nd. It will now be sent to the desk of Mayor Eric Adams, who has 30 days to either sign the bill and enact it into law, or veto it.
Tips To Chill When Seeing Northern Lights in the North America
Health / ArcaMax Tips To Chill When Seeing Northern Lights in the North America By Terran Cooper, The Fresh Toast on Jul 11, 2023 Previous Next The Northern Lights are making a rare wide range appearance – want to make better? The Northern Lights are expected to make a rare appearance this week in as many as 17 states and lower Canada including Toronto and Vancouver. The holy grail of sky watching, the beautiful dancing waves of light have captivated people for millennia.
How Blockchain Technologies Are Changing the Cannabis Industry
Health / ArcaMax How Blockchain Technologies Are Changing the Cannabis Industry By Terran Cooper, The Fresh Toast on Jul 7, 2023 Previous Next The blockchain and cannabis industries are two of the newest and largest markets to emerge in our lifetime. Both blockchain technology and the cannabis industry have reached new highs in recent years, but both are facing difficulties in 2023. The blockchain industry remains largely unregulated and is currently recovering from several high-profile scandals.
EXPERT INSIGHTS-CANNABIS BUSINESSES OVERLOOKED EMPLOYMENT CONSIDERATIONS
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EXPERT INSIGHTS—Cannabis businesses overlooked employment considerations
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Cannabis Businesses Overlooked Employment Considerations - - United States
Don't Forget, Cannabis Businesses Are Still Businesses: Overlooked Employment Considerations Working in the cannabis industry is no walk in the park. Despite the plant's popularity, many cannabis operators struggle to actually turn a profit.
An Easy Way To Use Cannabis & Medical Marijuana
An Easy Way To Use Cannabis & Medical Marijuana By Terran Cooper, The Fresh Toast on May 4, 2023 Published in Cannabis Daily Popular with the wellness and health crowd, using a sublingual is an quick, discreet, and no mess way to use marijuana Long gone are the days of smoking out of tin cans and vegetables (hopefully).
Unlicensed Shops in NYC Are Doing Better Than The Naked Cowboy
New York is home to the Naked Cowboy, is the city with the most billionaires, and a reputation to get what you want when you want. Now it is famous for the huge number of unlicensed marijuana shops – even one close to City Hall. Cannabis isn’t fresh to New York. Long before recreational (or adult-use) cannabis was legalized in 2021, there was a thriving underground cannabis market that supplied the Empire State.
Cannabinoid Confusion: Understanding Delta-8, Delta-9, And Delta-10 THC
You may have heard of delta-8, delta-9, or delta-10 THC, but what are they — and are they really any different from one another? When we talk about cannabis, the THC that is typically referred to is delta-9 THC. Delta-9 THC is the tried and true classic, most often responsible for the high that people associate with cannabis.
Cannabinoid Confusion: Understanding Delta-8, Delta-9, And Delta-10 THC
These cannabinoids are intoxicating, and the somewhat questionable regulatory standards surrounding them can result in inconsistent potency. You may have heard of delta-8, delta-9, or delta-10 THC, but what are they — and are they really any different from one another? When we talk about cannabis, the THC that is typically referred to is delta-9 THC. Delta-9 THC is the tried and true classic, most often responsible for the high that people associate with cannabis.
Can I Walk Around New York Or New Jersey With Weed? Original
In case you hadn’t heard, weed is legal in New York and New Jersey. For those over 21 years of age in New York, it’s legal to possess up to three ounces of cannabis and up to 24 grams of concentrate for personal use. New Jersey allows possession of up to six ounces of cannabis and 17 grams of concentrate for personal use by adults.
New York’s Legal Weed Is Here - But Where Can I Find It?
The uncertainty surrounding for-profit license holder’s real estate has led to significant delays in them becoming operational. New York has become the latest state to begin selling adult-use (recreational) cannabis. If that’s the case, then where can you buy it? Right now, you can buy it at Housing Works Cannabis Co. in NOHO or Smacked in Greenwich Village.
A Complete Breakdown Of New York's Latest Cannabis Guidance
At the end of last week, theOffice of Cannabis Management(“OCM”) released newguidancefor their upcoming Adult-Use Retail Dispensaries. This guidance reiterates some policies previously laid out in the originalConditional Adult-Use Retail Dispensary(CAURD) and thedraft rules on packaging, labeling, marketing and advertising.
Senators File Comprehensive Federal Cannabis Legalization Bill: Cannabis Administration And Opportunity Act (CAOA) - - United States
Yesterday, Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and Sen. Cory Booker (D-NJ), formally filed the Cannabis Administration and Opportunity Act (CAOA). In addition to its widespread reform provisions, this bill is interesting in part due to Senators Schumer and Booker's history of outspoken disapproval of incremental reforms such as the SAFE Banking Act in favor of a more comprehensive reform proposal.
New York Takes Another Step Closer To Adult-Use Cannabis: OCM Releases Draft Rules On Packaging And Marketing - - United States
At the start of this month, the Office of Cannabis Management (OCM) released draft regulations for the packaging, labeling, marketing, and advertising of cannabis products in New York State. While these are still subject to change before being adopted final, the draft regulations offer insight into the rules the cannabis industry will have to abide by. Many of the proposals focus on ensuring that cannabis products are not marketed toward, or made attractive to, anyone under the age of 21.
New York Lays Down The Law On Illicit Cannabis Operations
Senate Bill S8511, sponsored by Senator Diane Savino, was introduced yesterday. The bill further addresses and specifically criminalizes the ongoing “gifting” schemes employed throughout New York. These “gifting” practices consist of operators artificially inflating the price of a low-value item (such as a sticker, t-shirt, etc.) which is then sold alongside “free” cannabis.
New York Lays Down The Law On Illicit Cannabis Operations
United States: New York Lays Down The Law On Illicit Cannabis Operations 11 March 2022 by Andrew Cooper, Esq., LL.M. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com. Senate Bill S8511, sponsored by Senator Diane Savino, was introduced yesterday. The bill further addresses and specifically criminalizes the ongoing "gifting" schemes employed throughout New York.
The New York Medical Psilocybin Legislation And Beyond
To print this article, all you need is to be registered or login on Mondaq.com. Intro At the end of 2021, New York Assemblyman Pat Burke introduced Assembly Bill A08569 which related to the medical use of psilocybin. The legislation would establish psilocybin service centers to "provide innovative treatment options for ailments such as PTSD, depression, alcohol dependency, anxiety, among others," (New York State Assembly, 2021).
Understanding The Impact Of Cannabinoids On COVID-19
United States: Understanding The Impact Of Cannabinoids On COVID-19 23 February 2022 by Andrew Cooper, Esq., LL.M. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com. As many of you have probably heard by now, we have recently learned that cannabis compounds are capable of preventing COVID-19, the disease that has plagued us for nearly two years, and infected over 300 million people worldwide.
Executive Director Gives Update On New York Adult-Use Licensure Timeline
The Promise of Social Equity in the Cannabis industry was a webinar held yesterday by the Cornell University School of Industrial and Labor Relations' Labor and Employment Law Program. A number of topics were discussed throughout its duration, one of the most notable of which being the timetable of adult-use licensure rollout. We had previously heard that the draft regulations for adult-use licenses under the MRTA would come in late winter or early spring.
Brief Update On The State Cannabis In New York: A Waiting Game
To print this article, all you need is to be registered or login on Mondaq.com. The state of cannabis in New York remains in a state of flux. We had previously discussed the completion of the Cannabis Control Board (CCB) under Governor Kathy Hochul at the end of September. This came six months after the passage of the Marijuana Regulation and Taxation Act (MRTA), which made recreational cannabis legal in New York.
SAFE Banking Removed From National Defense Authorization Act (NDAA)
Falcon Rappaport & Berkman United States: SAFE Banking Removed From National Defense Authorization Act (NDAA) 07 January 2022 by Andrew Cooper, Esq. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com. The Secure and Fair Enforcement (SAFE) Banking Act, previously passed in the House's version of the NDAA, has been removed from the omnibus defense spending bill in Congress.
The Cannabis Control Board Is Finally Complete
Falcon Rappaport & Berkman United States: The Cannabis Control Board Is Finally Complete 07 January 2022 by Andrew Cooper, Esq. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com. On September 22nd, New York Governor Kathy Hochul announced her final two appointments to the CCB – Reuben McDaniel III and Jessica García. Within a month of taking office, Gov. Hochul has facilitated the completion of the Cannabis Control Board.
The First NY Adult Use Cannabis Retail Licenses Will Likely Come Under Tribal Ordinance
Falcon Rappaport & Berkman United States: The First NY Adult Use Cannabis Retail Licenses Will Likely Come Under Tribal Ordinance 07 January 2022 by Andrew Cooper, Esq. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com. The Saint Regis Mohawk Tribe is now taking applications for Tribal Cannabis Retail Licenses.
Two Additional Members Appointed To The Cannabis Control Board
Falcon Rappaport & Berkman United States: Two Additional Members Appointed To The Cannabis Control Board 07 January 2022 by Andrew Cooper, Esq. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com. Less than two weeks following Governor Kathy Hochul's initial appointments to the Cannabis Control Board (CCB), the CCB gains another two members.
Will Cuomo's Impending Resignation Further Delay A Rollout Of The Recreational Marijuana Program?
Falcon Rappaport & Berkman United States: Will Cuomo's Impending Resignation Further Delay A Rollout Of The Recreational Marijuana Program? 07 January 2022 by Andrew Cooper, Esq. and Terran Cooper Falcon Rappaport & Berkman To print this article, all you need is to be registered or login on Mondaq.com.
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