The Governor’s proposed budget includes a major re-organization of the state’s marijuana bureaucracy, consolidating regulation and oversight of the marijuana growing and retail industry under a new state office.
It would create an Office of Cannabis Management to oversee commercial adult-use marijuana, medical marijuana and hemp. (Medical marijuana is currently overseen by the Department of Health, while Agriculture and Markets regulates hemp production in New York.) The new office under the umbrella of the State Liquor Authority would have an executive director with wide authority over new regulations for the potential commercial retail industry for marijuana, including the number of licenses issued and oversight of pricing, including ceilings on retail markup. The state projects the retail marijuana industry will result in $300 million in revenue from a three-tiered tax structure.