Cannabis Lobby Sparks Curious Alliances | Cannabis Culture cannabisculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cannabisculture.com Daily Mail and Mail on Sunday newspapers.
Minority cannabis business owners to get leg up for May 20 N.Y. industry event
Updated May 12, 2021;
Social equity a factor that has become a centerpiece for conversations surrounding access to the cannabis space, will remain a complex challenge as a new industry tries to ingratiate the concept into its daily operations.
Barriers to entry are going to play a big role for social equity applicants, said Harvest 360 co-founder
David Serrano, who owns and operates a cannabis-friendly campground and farm in Shawangunk, New York.
“Applicants are going to need support from their municipality, and unfortunately, folks with the most money have historically been given more attention and consideration,” he said.
Courtesy of Jen Drake, Crystal Peoples-Stokes, Allen Gandelman, Gia Morón; Shayanne Gal/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Meet the lawmakers, regulators, executives, and investors shaping the future of New York s cannabis industry.
New York legalized cannabis on March 31 and sales are expected to start in 2022.
New York legalized cannabis for adults over the age of 21 in March, setting off a gold rush for companies looking to take advantage of the potentially $7 billion market in the US s financial capital.
Right now, there are only ten cannabis licenses in the state s medical market, and the companies that own each license will look to quickly transition from New York s relatively limited medical market to the recreational market.
Deal Nears for Marijuana Legalization in New York spectrumlocalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spectrumlocalnews.com Daily Mail and Mail on Sunday newspapers.
New York Now
As New York considers legalizing marijuana for adult, recreational use, medical cannabis companies are urging the state Legislature to hand them a stake in the new market, saying the burgeoning industry will lag without their help.
Rather than wait for new cannabis cultivators to build from the ground up, medical cannabis companies say they could use their existing infrastructure to give the new market a boost.
Two reports commissioned by the New York Medical Cannabis Industry Association argue that allowing medical cannabis companies into the recreational market in New York as soon as possible could give the industry a boost, and jumpstart new job opportunities.