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To Flood Or Not To Flood NY's Retail Cannabis Market... That Is The Question: Industry Stakeholders Say Take It Slow
Monday, April 15, 2024 - 12:04pm | 836Licensing retail cannabis shops has moved at a snail’s pace over the past year, much to the chagrin of industry stakeholders and multi-state operators keen to cash in on New York’s huge and sure-to-be lucrative market. New York farmers who grew cannabis watched their crops grow moldy,...
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Billions In Cannabis Sales Projected: New York's Legal Hurdle Lifted For 30 Retailers
Thursday, August 24, 2023 - 6:38pm | 623Legal Hurdle Lifted For 30 New York Cannabis Retailers After Preliminary Injunction A recent preliminary injunction by Judge Kevin Bryant could lead to a substantial increase in operational cannabis retailers in New York. With 23 marijuana retailers already in operation out of the approved 463...
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NYC Launches Cannabis Fund To Support Social Equity Applicants, Seeks Private Funders
Tuesday, July 18, 2023 - 8:30pm | 860New York City is investing in an equitable cannabis industry that "creates jobs, grows businesses, and creates greater prosperity in the process,” said Maria Torres-Springer, Deputy Mayor for Housing, Economic Development and Workforce. In an effort to promote participation in the...
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As NY's Cannabis Rollout Drags On, Ancillary Service Providers Feel The Financial Pain
Thursday, May 4, 2023 - 4:01pm | 482When adult-use cannabis was legalized in New York in 2021, industry analysts projected a surge in demand for ancillary services, including but not limited to real estate agents, accountants and many other professionals. The idea was that these businesses would benefit...