Buffalo, N.Y. (WBEN) – In the beginning of the month, Governor Kathy Hochul announced that the cannabis market will be expanding in New York which includes new rules that will allow companies licensed to grow and sell medical marijuana in New York to get into the recreational space.
A 60-day application window, which started on October 4, will allow for 1,000 new licenses to get approved and comes nine months following the first legal recreational marijuana sales occurring in the state and about two dozen recreation, state-regulated shops slowly open throughout, which is a small fraction compared to 400+ conditional adult-use recreational dispensary (CAURD) licenses that have been approved.
Legal battles, injunctions and the failure to accurately dole out previously promised DASNY funds have caused the state’s marijuana rollout recipe to not be as optimal as anticipated and some dispensary owners and growers are concerned about the prospect of competing with the medical providers, the fear being they will be squeezed by deeper pocket companies before they had a chance to really establish themselves.
“The medical operators were always going to enter
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