Cannabis Briefs for March 26, 2024
March 26, 2024•New York State has approved 114 more licenses for adult-use cannabis businesses, as the state continues to increase legal access. Forty-five of the new licenses were permits to open retail shops, 38 were non-conditional adult-use permits (non-conditional permits are given to those not covered by the state’s original equity and justice oriented retail rollout), and 31 were permits for “microbusinesses,” which are allowed to grow, distribute, and sell with one license. The increase in licenses comes as the state’s legal cannabis business is still vastly smaller than the black market. There are currently 87 licensed dispensaries in the state, but reporting from the New York Times indicates that there are more than 2,000 black market shops.
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