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About: New York Office of Cannabis Management     Goto   Sponge   NotDistinct   Permalink

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Type: Thingschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398Government agencyOrganizationgovernment agencyorganisation New Facet based on Instances of this Class

The Office of Cannabis Management is a state agency established upon passage of the Marijuana Regulation and Taxation Act (MRTA) to implement a regulatory framework for medical and adult-use cannabis in the state of New York, along with hemp regulations as well. It was announced by Governor Andrew Cuomo in the January 2019 State of the State address. The office is charged with the regulation and taxation of the cannabis industry in the State of New York, following the legalization of recreational cannabis which was signed into law by Governor Cuomo on March 31, 2021. Tax revenue taken in by the agency was estimated by the Governor to start at $83 million in 2021 and rise to $300 million at full implementation in 2023.