New York


Buffalo a key part of flow of Canadian black market marijuana into United States

It’s a high-stakes cat and mouse game.

Some 2,500 to 3,000 tractor-trailer trucks cross the Peace Bridge from Canada into the United States each day.

Which ones are carrying black market Canadian marijuana?

“Our officers are trained, have inspection skills and gut instincts but we also have a lot of technology,” says Rose Brophy, director of field operations for the Buffalo Field Office for U.S. Customs and Border Security.

And the agency has needed all those tools.


Higher amount of Canadian marijuana being intercepting at border

The amount of Canadian marijuana intercepted at the U.S.-Canada border crossing in New York State is skyrocketing.


Canopy Growth gets big New York Tax break

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.


The Canadian Securities Exchange, OTC Markets Group court Israeli cannabis, blockchain startups

66 out of 371 companies currently listed on the Canadian Securities Exchange have cannabis-related businesses.

The Canadian Securities Exchange (CSE), an alternative stock exchange in Canada, has partnered with New York-headquartered the OTC (over-the-counter) Markets Group to offer early-stage companies a new initial public offering program in North America, and they are setting their cap at Israeli startups.


Toronto's main index inches forward, New York indices mixed

TORONTO — Canada's main stock index recovered from an earlier drop Tuesday to close the day slightly ahead.

The S&P/TSX composite index rose 11.05 points to 15,618.93.

In New York, markets were mixed, but also recovered from bigger drops earlier.

The Dow Jones industrial average fell 64.10 points to 24,099.05. At one point Tuesday, it had shed more than 350 points.

The S&P 500 index gained 6.75 points to 2,654.80 and the Nasdaq composite index advanced 64.43 points to 7,130.70.

The June gold contract shed US$12.40 to US$1,306.80 an ounce and the July copper contract declined about three cents to roughly US$3.04 a pound.


Data show the typical medical marijuana consumer is upscale, insured and physician-diagnosed

With cannabis legalization across multiple states in the U.S. and other countries around the world, there’s been an explosion of research firms looking into the industry.


New York state enhances medical marijuana program to meet increasing demand

The state Department of Health is boosting New York's medical marijuana program to meet growing demand.

Effective immediately, nurse practitioners can register online and certify patients the same day. Officials say that will help streamline and simplify the registration process and make it easier for nurse practitioners to speed up the process.

The Health Department also has approved the addition of a second course on the medical use of marijuana for nurse practitioners who want to participate in the state program.

The state's medical marijuana program has more than 22,000 patients, and that number is on the rise. In late March, the department added chronic pain as a qualifying condition and since then an additional 7,504 patients have become certified.


HelloMD Announces Partnership with Medical Cannabis Provider PharmaCannis

Collaboration will begin immediately in New York State with additional states to follow.


IAnthus to Acquire New York Medical Cannabis Company ValleyAg for $17.3 Million

iAnthus Capital has agreed to buy Valley Agriceuticals for $17.3 million. ValleyAg has just received one of ten medical marijuana licenses issued by the state of New York. The deal is expected to close during the third quarter of this year.


As New York Relaxes Cannabis Rules, Industry Wants In

Eager to get in on what’s expected to be a booming industry, cannabis companies and investors are beginning to flock to New York state. It’s a trend that could pick up even more steam after lawmakers in Albany gathered Monday to announce a renewed push to legalize adult-use cannabis.

State Sen. Liz Krueger (D-New York) and Rep. Crystal Peoples-Stokes (D-Buffalo), along with advocates organized by the Drug Policy Alliance, held a press conference about the reintroduction of the Marijuana Regulation and Taxation Act (MRTA). The legislation, S.3040/A.3506, would tax and regulate cannabis in a fashion similar to alcohol.


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