New York, like a number of other states, has a special category for companies seeking to be socially responsible, namely “benefit corporations,” or B Corps.
The moratoria are set to expire on May 1, 2021. These bills would extend those protections until August 31, 2021.
Cannabis microbusinesses present an opportunity for small, independent business folks.
Currently, many legal cannabis-related businesses are essentially forced to hold a lot of cash because of impediments to those businesses in accessing banking services.
The MRTA aims to supplant the illegal market for cannabis products with a regulated industry that prevents large companies from dominating the market.