State officials promised a full regulatory review of the proposed purchase of medical marijuana company Etain Health, which has a dispensary in Ulster and a growing operation in Chestertown, near Lake George, by a Canadian cannabis acquisition and investment firm RIV Capital for $247 million.

“As per New York’s Cannabis Law, this proposed transaction, with respect specifically to the registration held by Etain in the State of New York, will undergo a regulatory review and approval process after a complete and adequate application is submitted,” state Office of Cannabis Management Spokesperson Freeman Klopott said last week.

24-year-old faces felony charge after $30,000 worth of weed found during vehicle check.

A 24-year-old man from Canada was arrested in New York State last week after customs officers found US$24,000 ($30,240) worth of marijuana inside the trunk of his vehicle.

We’re pleased to announce that Canadian Securities Exchange is an official sponsor of the Business of Cannabis: New York summit on September 29.

The legalization of recreational marijuana in Canada in 2018 brought a lot of excitement, but not necessarily results.

"It's not what people thought it would be, at least not yet," Kyle Murray, Vice Dean at the University of Alberta School of Business, said.

Canadian cannabis producer Canopy Growth (NYSE: CGC) is set to receive a large tax break for their new Kirkwood, New York facility. An economic development group, The Broome Industrial Development Agency, set a plan into motion on behalf of Canopy Growth. Canopy will receive a standard 15-year payment-in-lieu-of-taxes deal, qualifying for a 39% reduction in property taxes for the first five years of the agreement. When all is said and done, their tax break will equate to $1.7 million.