Hochul team flunked NY’s legal marijuana rollout while letting black market thrive, cannabis advocates say

  • 📰 nypost
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

United States News News

United States United States Latest News,United States United States Headlines

The Hochul administration’s slow rollout of New York’s legal cannabis trade was a real buzzkill, and the market is still far from recovered from it, an industry group says in a stinging…

violating statutes. The vets say they were excluded from the first round of licenses in favor of applications submitted by those previously convicted of marijuana-related crimes when dealing was illegal.Current medical marijuana companies also were excluded from the first round of licenses, which offer cannabis to all customers, not just patients.

“With the NYC Sheriff’s office estimating over 2,000 illicit shops in NYC alone, there appears no stopping this booming market,” the report card said. “Further, even though the State passed a new law in March that would fine these shops up to $10,000 per day, players in the industry are doubtful taxes could get collected from these mostly cash-only shops.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adults-only farmers market in New Paltz, New York showcases legal marijuana productsA pop-up market in New Paltz has all the trappings of a traditional farmers market, but this one is for selling marijuana. More like it are expected to pop-up across New York in the coming months. AielloTV reports.
Source: CBSNewYork - 🏆 268. / 63 Read more »