Is New York Promising False Hope To The Marijuana Industry

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Now, is New York promising false hope t the marijuana industry again with the state Supreme Court stepping in?o RELATED: California or New York, Which Has The Biggest Marijuana Mess New York City has proven unable to close the unlicensed dispensaries. When New York State voted for full recreational weed in 2021, the industry salivated with the prospects of the market. New York City is the number one city for marijuana sales, but the state’s systems have made it only profitable for the black market. The Court granted the group a provisional license and paved the way for more than 400 provisional licensees to open marijuana dispensaries. Rather than focus on expanding legal retailers, they established a policy to punish landlords with hefty fines for allowing unlicensed dispensaries in their building.

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New York City is the number one city for marijuana sales, but the state’s systems have made it only profitable for the black market.

When New York State voted for full recreational weed in 2021, the industry salivated with the prospects of the market. They thoughtfully crafted a plan to help move existing medical dispensaries to recreational, providing they jump through hoops and spend hundreds of thousands.  With existing population and a huge tourism population, people were willing to invest.  At the last minute, NY changed everything and today there are 23...

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