New York’s Cannabis Control Board settled a lawsuit which had been holding up the state’s cannabis industry.
The first cannabis dispensary that was legal in the state of New York opened in Greenwich Village in December 2022 (1). Coming up on its anniversary, the city only has 11 licensed dispensaries. The state of New York has a total of 27 dispensaries (1).
An emergency meeting that took place on November 27, 2023, with the Cannabis Control Board where a lawsuit that had been preventing progression of the state’s cannabis industry came to a close. The board approved a settlement which was celebrated throughout the state, especially by business who were ready to open but were unable to due to the lawsuit (1).
“This is a significant moment,” said Chris Alexander, the executive director of the state Office of Cannabis Management (1).
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“We do not have external investors at this time, so everything’s been financed out of our family savings, for myself and my partners,” David Nicponski explained, a licensee who has been waiting to open a dispensary called “Freshly Baked NYC”, located on Arthur Avenue in the Bronx (1). “So it has been exceedingly stressful for the last four months.”
“We’ve been paying employees,” John