New York’s Cannabis Control Board: And We Are Set!

On September 22, 2021, Governor Kathy Hochul appointed the final two (2) board members to the Cannabis Control Board (CCB). As per the Marijuana Regulation and Taxation Act (MRTA), Governor Hochul was responsible for appointing two (2) board members, neither of whom need to be approved by the legislature. We now officially have the completed CCM.

Below is what we know about the appointees, Reuben McDaniel III and Jessica Garcia, from Governor Hochul’s press release.

Reuben McDaniel III

Mr. McDaniel was the President and Chief Executive Officer of the Dormitory Authority of the State of New York (DASNY). Mr. McDaniel was responsible for the overall management of DASNY’s administration and operations. Mr. McDaniel joined DASNY in 2019 as an accomplished investment banker with more than 30 years of experience in financial services, including public finance, personal wealth management, corporate finance and private equity. During his career in public finance, he participated in more than $75 billion in tax-exempt bond issuances throughout the country.

Mr. McDaniel also founded an investment advisory firm, where he managed more than $50 million in investment portfolios and business assets for a variety of professionals. Prior to, Mr. McDaniel served as Chair of the Atlanta Board

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