New York is projected to become the nation’s second largest legal cannabis market after California with an estimated $4.2 billion dollar market within 5 years. BUT as of now there are still a LOT of of very ‘gray’ legal areas being worked on.
You can legally possess up to 3 oz. of cannabis in NY and you can legally consume it and legally gift it, but you cannot legally sell it for adult use…yet.
So when will New York see it’s first dispensaries open? Most likely October according to New York’s Most Sought After Cannabis Lawyers who are ramping up for what’s to come.
‘Prince Lobel’ the nations most trailblazing cannabis law firm, is expanding its offices to New York City and White Plains, NY. They’ve tapped New York’s most ‘in demand’ cannabis lawyers to join forces with them.
Cannabis law superstars James (Jim) K. Landau, Douglas S. Trokie, and David C. Holland are now working together! They took time out of their crazy busy schedules to join me to share what’s going on behind the scenes in the New York cannabis industry right now.
All three have been working, studying, learning and speaking and basically ramping up for when licensing is up and running. They’re very busy writing the rules and regulations for what the marketplace will look like.
If you want to know the latest, tune in to this podcast interview and hear all three top cannabis lawyers tell you what’s happening in the New York Cannabis world and what to expect next.
For one thing the 148 pre-existing hemp farmers in New York were just given the green light to put the first THC crop in the ground which should be ready this October. And New York State is going to build out storefronts for the first 150 dispensary card licensees to help them avoid high start up costs to get going.
We talk about everything from social justice issues to how soon the banking industry is going to do something about all that dispensary cash being driven around.
I did also ask them if they thought everybody in New York was soon going to be high, to which they had no official legal answer. Just the chuckle I expected.
Enlightening conversation with brilliant legal minds on this hot topic. Enjoy!
About Prince Lobel’s New York-based team:
James K. Landau: Landau represents clients in litigation matters before Federal, New York State and Local courts and other tribunals, including arbitration and mediation before the American Arbitration Association. Landau’s practice also focuses on providing day-to-day business counseling to clients within various industries, including the cannabis industry. Landau is Chair of the Ethics Committee of the New York State Bar Association, Cannabis Law Section. He is also a Founder and immediate Past Co-Chair of the Westchester County Bar Association’s Cannabis Law Committee, and he is a Director and Chairs the Joint Regulatory Committee of the New York and Hudson Valley Cannabis Industry Associations. Landau is the immediate past President of the White Plains Bar Association and was just elected as Vice President of the Westchester County Bar Association. He is a frequent speaker on Cannabis law, including ethics, licensing and banking. Landau has been recognized as a New York Metro Super Lawyer® in the area of Commercial Litigation every year since 2012. In addition, Landau has received a peer review rating of AV ® Preeminent on Martindale-Hubbell®.
Douglas S. Trokie: Trokie has been representing individuals and companies of all sizes for over 30 years in a broad range of commercial, corporate, and real estate transactions in the New York metropolitan area and Connecticut. His clients include U.S. and international corporations, limited liability companies, partnerships and individuals involved in numerous fields, including cannabis, executive search and staffing services, advertising, banking, accounting, real estate and both wholesale and retail sales. Trokie is a member of the Cannabis Law Committee of the Westchester County Bar Association and the Regulatory Committee of the Hudson Valley Cannabis Industry Association. Trokie speaks on topics relating to cannabis law and most recently participated in a panel of the Westchester Multi-Cultural Chamber, speaking on the ABCs of starting and operating a business for new entrepreneurs. He has also been recognized as a New York Metro Super Lawyer® in the fields of business and corporate law every year since 2015 and is admitted to practice in New York and Connecticut.
David C. Holland: Holland is a seasoned litigator and highly sought-after consultant for start-up and established brands, businesses, nonprofits and investors within the legal cannabis space and a fierce advocate for individuals who have faced draconian persecution for the use or possession of cannabis. From contract drafting to representing companies before professional licensing boards, legal compliance reviews, securing permits and leading negotiations with local and state municipalities for large-scale cannabis events, Holland is experienced in all aspects of cannabis business consultation and serves as an integral member of corporate teams. Outside of his legal practice, he is at the forefront of the legalized cannabis movement and clemency advocacy. Holland currently serves as the Executive and Legal Director of Empire State NORML, President of the NYC Cannabis Industry Association, Vice President of the Hudson Valley Cannabis Industry Association and Legal Advisor for the Last Prisoner Project. He was named a 2022 New York Metro Super Lawyer in Cannabis and Top 100 Lawyers 2021 Attorney of the Year.
