Can Weed Legalization Tame New York City's Illicit Market?

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New York is banking on current dealers switching to the legal market. But will that happen?

for fifth-degree marijuana possession or fourth-degree sale from January to June.

The bill promises that half of all licenses issued will be earmarked for “social equity applicants,” including minorities, women, disadvantaged farmers, and individuals from communities disproportionately impacted by previous cannabis prohibition. Forty percent of all tax revenue will go towards a community investment fund that will support education, similar toThe real cost of starting up a legal business can be problematic for small-timers.

Another major concern is vertical integration. “As of right now,” says Todd, “the medical dispensaries that are in place in the New York City area all have the ability to not only distribute, but also to grow, so they’ll be starting on third base where [entrepreneurs of color entering the recreational industry] are still just getting into the stadium.” Again, his concerns are well-founded.

 

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and have them pay taxes? it will never happen they will just switch products🙄

How dumb are they the current dealers will be outta work! Corporations and small businesses will never allow street guys to be their competitors🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️

Not with all the taxes!

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