New York to open first legal pot dispensary by year's end - New York Amsterdam News

“The industry will continue to grow from here, creating inclusive opportunity in every corner of New York State with revenues directed to our schools and revitalizing communities,” Hochul said in her announcement.Housing Works, which also serves homeless and formerly incarcerated people, was one of eight nonprofits among the initial licensees.

“This opportunity will not only give our team the resources to further our overall mission, but to feature and elevate products coming from LGBTQ+, BIPOC and women-led cannabis brands across the state,” said Charles King, chief executive officer of Housing Works. The state reserved its first round of retail licenses for applicants with marijuana convictions or their relatives, plus some nonprofit groups. It also planned a $200 million public-private fund to aid “social equity” applicants.

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New York to open first legal pot dispensary by year’s endThe first legal dispensary for recreational marijuana in New York is set to open Dec. 29, marking a long-awaited launch of a cannabis industry that could become one of the country’s most lucrative. Only to be robbed by week's end Another failed business in the making, that is unless it's subsidized. With all of the costs to operate legally, it's too expensive.
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