FinCEN’s New Marijuana-Related Business Metrics: What Cannabis Entrepreneurs Should Know

Significant Updates in NY Cannabis Industry: Education Panel and More

Update New York's Cannabis Landscape: Updates You Should Know As the cannabis industry in New York continues to evolve, the Office of Cannabis Management (OCM) recently published important updates regarding the Seed-to-Sale process and community initiatives. With the year drawing to a close, these developments signal a commitment to education, equity, and ongoing improvement in the state's cannabis framework. Seed-to-Sale System Enhancements The OCM has announced significant updates to its Seed-to-Sale (STS) system, designed to ease the operational burdens that licensees face. Starting December 17, 2025, crucial changes include the requirement for cultivators, processors, distributors, labs, and microbusinesses to input existing inventory into Metrc—a vital step for maintaining compliance and transparency. Retailers will follow suit with a compliance date of January 12, 2026. In a commendable effort to support these businesses financially, the OCM will provide 20 million Retail Item UIDs at no cost, significantly alleviating the cost of implementation. Each licensed processor will receive 30,000 unique identifiers, making it easier for small businesses, particularly those from historically underserved communities, to thrive. A Leap Toward Federal Rescheduling An exciting development on the national front is the ongoing process to reschedule cannabis federally. This could have profound implications for New York’s cannabis industry. If successful, it might alleviate the tax burdens imposed by IRC §280E, thereby allowing businesses to take standard deductions. Additionally, rescheduling could boost research opportunities and enhance protections for intellectual property, promising to further legitimize cannabis in the health and business sectors. The New Cannabis Education Advisory Panel (CEAP) Aimed explicitly at youth, the newly established Cannabis Education Advisory Panel (CEAP) reflects New York's commitment to evidence-based education surrounding cannabis use. Comprising 15 members from various backgrounds—including public health experts, educators, and community leaders like Jeffrey Reynolds from Long Island—this panel is set to explore emerging youth trends and devise effective educational resources. The CEAP’s focus on culturally responsive and accurate messaging aims to empower young people through trustworthy information about cannabis, fostering community trust and reducing stigma surrounding its use. This approach not only reflects OCM’s dedication to safe consumption but also emphasizes a need for transparency in how cannabis is discussed in public health. Recent Cannabis Control Board Decisions At the recent December 18 meeting, the Cannabis Control Board approved 42 new adult-use licenses, bringing the total to 2,066 statewide. A notable 43% of these licenses were awarded to Social and Economic Equity (SEE) applicants, furthering New York’s commitment to equitable participation in the cannabis market. Currently, 57% of all adult-use licenses are held by SEE businesses, contributing to a thriving network of legal dispensaries and microbusinesses across the state. Tips for Safe Consumption During Celebrations As New Yorkers prepare to welcome the New Year, it is vital to promote responsible cannabis consumption. The OCM reminds adults over 21 to plan ahead for safe and sober travel—emphasizing the importance of using designated drivers or ride-sharing services on celebratory nights. This aligns with the OCM’s mission to ensure that public health is a priority during these festive occasions. These developments in New York's cannabis regulations, community education initiatives, and emphasis on safety mark steps forward in the continually evolving landscape of the cannabis industry. As the state navigates these changes, a focus on transparency, equity, and education will enrich the overall narrative surrounding cannabis in local communities. For more information about ongoing cannabis education initiatives and available resources, explore the OCM’s updates and community programs.