Archive

Maryland Cannabis Administration Releases Draft Regulations for the Social Equity Partnership Grant Program

By Meg Nash, Charles Alovisetti, Bridgette Nikisher
Dec 30, 2024

Maryland has released draft regulations for the Social Equity Partnership Grant Program to promote “qualifying partnerships” between operational cannabis licensees and social equity licensees. This Insights post will break down the key points of these regulations including application limits, grant distribution and restrictions on qualifying partnerships. Public comments are open until January 6, 2025.

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Court Halts Enforcement of Corporate Transparency Act

By Charlie Alovisetti, Bridgette Nikisher
Dec 5, 2024

On December 3, 2024, the U.S. District Court for the Eastern District of Texas (Sherman Division) issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA) and its January 1, 2025 filing deadline. While this injunction remains in effect, the federal government cannot enforce CTA disclosures or the January 1, 2025 filing deadline. Stay tuned - this is a preliminary decision.

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Top 5 Considerations for Maryland Cannabis Licensees

By Meg Nash, Casey Leaver, Bridgette Nikisher
Nov 7, 2024

Congratulations to those who won a cannabis social equity license in the Maryland lottery! Vicente’s Maryland team created a quick list of items to keep top of mind as you work towards your final license, including reviewing the new draft regulations, submitting supplemental applications, and property considerations.

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New Funding Opportunity for Maryland’s Social Equity Cannabis Business Applicants

By Meg Nash, Bridgette Nikisher
Feb 7, 2024

Maryland's Cannabis Business Assistance Loan/Grant Fund is offering grants to help social equity applicants cover costs associated with obtaining a cannabis business license. The program reimburses up to 50% of eligible expenses, with a maximum of $5,000. Applications open February 19th and close March 20th. Read this Insights post to learn more about eligibility, qualifying expenses, and how to apply.

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New York Cannabis Business Applications Are Live and the Deadline is Extended: What We’ve Learned

By Bridgette Nikisher
Oct 18, 2023

New York’s adult-use regulations are effective and the first application period for certain adult-use licenses is underway! At the Cannabis Control Board (CCB) meeting on October 17, 2023, CCB announced that they are extending the deadline for applications by two weeks. Read this Insights article for details related to Social and Economic Equity Applicant applications, how many licenses will be awarded, the review and selection process, property control and proximity protection, and true parties of interest disclosures.

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Ocean State Cannabis Update: Municipal Approvals for Adult Use Retail in Rhode Island Provide Ample Opportunity for Interested Applicants

By Jen Flanagan, Sam Kovach-Orr, Meg Nash, Bridgette Nikisher
Nov 16, 2022

Widespread support for allowing cannabis retail sales in Rhode Island municipalities significantly expands opportunities for potential applicants seeking to obtain one of the 24 cannabis retail licenses expected to be available in 2023. Read this article for insight into what to expect next and how to prepare.

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Tax Credits Available for Investing in Connecticut Cannabis Companies

By Michelle Bodian, Bridgette Nikisher
Nov 15, 2022

Who wants free money for investing in a Connecticut cannabis company? CT's Cannabis Angel Tax Credit Program provides a way for investors to receive a 25% tax credit against the state income tax when they invest at least $25k in an approved social equity cannabis licensee.

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New York Cannabis Regulators Make the Environment a Top Priority for All Licenses

By Michelle Bodian, Bridgette Nikisher
Aug 24, 2022

We anticipate New York's adult-use cannabis rules will be one of the country's strictest in terms of environmental and energy standards and best practices for water and energy conservation. Regardless of what license type you're interested in pursuing or have already obtained, you'll need to add "environmental considerations" to your mental to-do list.

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New York Conditional Adult-use Cannabis Retail Dispensary Regulations Will Fast-track Licensing and Prioritize Justice Involved Individuals

By Michelle Bodian, Jennifer Cabrera, Bridgette Nikisher
Aug 16, 2022

On August 12, 2022, New York state announced the application window for Conditional Adult-Use Retail Dispensary Licenses (CAURD), which will be the first batch of adult-use retail licenses released in New York. CAURD applications will be available starting August 25, 2022 and close on September 26, 2022.

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Highlights from New Jersey’s 2022 Proposed New Cannabis Rules

By Jennifer Cabrera, Kate Monroe, Bridgette Nikisher, Steve Pemberton
Aug 2, 2022

New Jersey's CRC released proposed cannabis regulations that implement the CREAM Act and include rules for wholesalers, distributors, and delivery services, and include a new restriction on license ownership among family members. Read this article for highlights and reach out to our NJ team for a copy of the full summary.

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How to Get Started on Your New York Cannabis Business License Application

By Brandon Kurtzman, Bridgette Nikisher
Jul 5, 2022

To beat the summer slump, VS’s New York team created an eight-part series of VS Insights to help you prepare for your New York cannabis business license application. Read the first article of the series, which focuses on helpful tips to put your best foot forward for the licensing process.

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Cannabis State Regulatory Agencies

By Jennifer Cabrera, Jen Flanagan
Jan 29, 2022

This LexisNexis practice note offers a greater understanding of the varied processes that impact the legalization of cannabis at the state level and discusses how evolving state statutes and regulatory structures impact the adult-use cannabis industry.

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