What is Going on With Cannabis? TerrAscend Exits Michigan Market

What Will the Business of Cannabis in New York Look Like Under Mayor Mamdani?

Update The Buzz Around New York's Cannabis Summit The Business of Cannabis Summit held on November 6, 2025, at the Wythe Hotel in Williamsburg, New York, gathered industry professionals to explore the future of the state's legal cannabis landscape. Entrepreneurs, legal experts, and brand leaders filled the historic venue, showcasing conversations filled with cautious optimism about the evolving market. The rapidly expanding cannabis industry in New York has faced challenges, including delays in licensing and regulatory confusion, making the summit all the more crucial for stakeholders. New Leadership and Its Impact Recent months have seen a significant shift in New York's political landscape with the election of Mayor Zohran Mamdani. His candid acknowledgment of purchasing cannabis legally during campaign debates resonated with the crowd. This admission did not just evoke laughter; it symbolized a mayor potentially willing to engage with the cannabis community. Mamdani's leadership may impact the future regulatory framework significantly. Stakeholders are hopeful that the mayor's equity-first approach will create a more inclusive regulatory landscape that supports not just large corporations but also local businesses and underserved communities. The Mamdani Effect: Paving the Way for Equitable Reforms CuraLeaf's Robert Sciarrone emphasized the urgency for industry players to engage with Mamdani. "We have to advocate for our businesses to ensure we are heard," he stated. The inclusive rhetoric from the new mayor has sparked discussions on potentially transforming New York's cannabis industry into one where equity can thrive. The mayor's proposed community-focused reforms, aimed at revitalizing neighborhoods historically affected by cannabis prohibition, may steer the city's cannabis policies toward a more rehabilitative approach. Exploring Opportunities for Growth The discussions at the summit included various strategies focused on job creation and economic growth, hinting at a brighter future for the industry. Participants exchanged ideas about expanding job opportunities within communities, tapping into educational programs that could pave the way for new cannabis-related careers. As highlighted by multiple panel discussions, engaging in these strategic conversations will be essential for aligning business opportunities with community welfare. Emphasizing Grassroots Advocacy As the new mayor's approach stirs excitement, it also ignites a call for grassroots advocacy. The summit's attendees recognized the need to stay actively engaged in conversations regarding regulation and policy. With the cannabis market's financial implications reaching into the millions, decisions made today will dictate how equitable the industry becomes in the coming years. Conclusion: A Collective Responsibility The sentiment at the Business of Cannabis Summit was clear: the cannabis community must unite to support reformative efforts within the New York market. While hope and excitement abound regarding a new gubernatorial era, it is also essential for industry players to remain proactive in advocating for equity and opportunities. This new chapter could redefine the landscape of New York's cannabis industry if stakeholders come together and make their voices heard.