How the New York City metro area's slow legal weed rollout created a boom in 'gray' market cannabis shops

  • 📰 CNBC
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

New York City's rollout of adult-use marijuana has stalled as the heavily populated tri-state metro area looks to grow a completely new legal cannabis industry.

In the densely populated Tri-State area of New York, New Jersey and Connecticut, the rollout of legal weed has been called slow and cumbersome, allowing for the proliferation of "gray" market storefronts and businesses to sell marijuana without going through the regulatory process. In New York City, for example, the mayor's office estimates the city is home to 1,400 illicit businesses selling marijuana without a license.

"Those legitimate businesses face stiff competition from shops that are not following the rules," said Manhattan District Attorney Alvin Bragg during aAt the same time, state officials are trying to right the historical wrongs brought about by the decades-long "War on Drugs.

"Every cannabis company should be focusing on hiring people who have had previous cannabis charges and people who have come from communities that have been impacted by the war on cannabis," said social equity applicant Tahir Johnson, who's about to open Simply Pure Trenton, in New Jersey's capital city.

The recreational marijuana market is a high-stakes affair. The national cannabis market is estimated to reach. And the New York state market alone could make up 10% of that, the data forecasts. Watch the video above to find out how the legal cannabis rollout is going in the most populous metropolitan area in the United States, how the push for legal weed is attracting a new class of entrepreneurs and how anti-marijuana activists are trying to slow the fast pace of legal cannabis adoption.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités