THE MARIHUANA REGULATION AND TAXATION ACT
On March 31, 2021, Governor Cuomo signed the “Marihuana Regulation and Taxation Act” into law which legalized adult use cannabis.
Under the MRTA, the state has created the Office of Cannabis Management (OCM) which will be housed as an independent agency within the State Liquor Authority (SLA). The Office of Cannabis management will oversee all aspects of medical, adult use, and hemp/hemp cannabinoid cannabis.
The are several Articles to the MRTA.
Article 1 – Legislative Intent and Definitions
Article 2 – The Cannabis Control Board
Article 3 – Medical Cannabis
Article 4 – Adult Use Cannabis
Article 5 – Cannabinoid Hemp and Hemp Extract
Article 6 – General Provisions