New York issued its first 36 cannabis dispensary licenses last Monday, taking a monumental step in establishing a legal and lucrative marketplace for recreational marijuana, according to reports released by the Associated Press.<\/p>\n
The licenses approved by the state\u2019s Cannabis Control Board were the first of 175 the state plans to issue, with many in the first round reserved for applicants with past convictions for marijuana offenses.<\/p>\n
Eight nonprofit groups were among the 36 licensees granted Monday.<\/p>\n
Some of the dispensaries, selected from a pool of more than 900 applicants, are expected to open by the end of the year.<\/p>\n
New York has also planned a $200 million public-private fund to aid \u201csocial equity\u201d applicants to help redress the ravages of the war on drugs, especially in communities of color.<\/p>\n
\u201cToday is a monumental day for New York\u2019s nascent cannabis industry. With the first adult-use retail dispensary licenses in the hands of businesses and eligible nonprofits, we\u2019ve ensured the first sales will be made at dispensaries operated by those impacted by the unjust enforcement of cannabis prohibition,\u201d said Tremaine Wright, who chairs the Cannabis Control Board.<\/p>\n
A court ruling earlier this month has delayed the board from approving dispensaries in some parts of the state amid a legal dispute over licensing criteria. Nevertheless, officials said they would issue the remaining licenses as quickly as possible.<\/p>\n
With the first licenses now issued, it remained to be seen whether officials would step up their efforts to go after scores of unauthorized dispensaries opened in the past year by people who shrugged at licensing requirements.<\/p>\n
New York legalized recreational use of marijuana in March 2021 but is still in the process of licensing people to sell it.<\/p>\n
The cannabis board also advanced proposed regulations for the sale of marijuana with a focus on public health, product quality and safety, and preventing those under 21 from buying cannabis.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York issued its first 36 cannabis dispensary licenses last Monday, taking a monumental step in establishing a legal and lucrative marketplace for recreational marijuana,…<\/p>\n","protected":false},"author":5,"featured_media":93451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-93450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n