On June 30, 2022, the New York State Cannabis Advisory Board (the "Advisory Board") held its inaugural meeting. Axel Bernabe, the Chief of Staff and Senior Policy Officer at the New York State Office of Cannabis Management, provided some opening remarks noting that the Advisory Board has been in the making for nearly four (4) years. The Advisory Board is comprised of twenty members from the entire State of New York. Advisory Board members were each introduced and include a wide variety of background and experience, including careers such as farmers, public servants, doctors, attorneys and community leaders.

One of the primary purposes of the Advisory Board is to oversee the disbursement of the New York State Community Grants Reinvestment Fund ("Reinvestment Fund"). The Reinvestment Fund will be comprised of thirteen (13) voting members, and also ex-officio members to represent other state agencies. All Reinvestment Fund members will serve three (3) year terms. The Reinvestment Fund is meant to stimulate and rejuvenate small businesses in communities that were negatively affected by cannabis prohibition.

The Advisory Board will also be actively involved with the Cannabis Control Board, and strives to become actively engaged with drafting regulations and advising the Cannabis Control Board's decisions. Further, with the Advisory Board members' wide breadth of experience and background in the cannabis industry, the Advisory Board hopes to provide a distinct opinions and insight for the regulations that the Cannabis Control Board considers.

Nearly all Advisory Board members expressed excitement about the opportunity to create an equitable and inclusive cannabis industry. Advisory Board Member, Peter Schaffer, owner at Nanticoke Gardens, expressed his excitement at bolstering New York's cannabis industry and potential collaboration with cannabis and beverages. Further, Junella Chin, an Integrative Medical Cannabis Physician, spoke of the healing properties of cannabis and making cannabis treatment more available to patients who could benefit from such treatment. Advisory Board member, Gary Johnson is Chair of the National Association for the Advancement of Colored People New York State Economic Development, and expressed interest in the Advisory Board's future in imparting equity to groups that have been traditionally treated negatively by past cannabis based legislation.

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