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Legislators, industry reps push back on delay to medical cannabis updates
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Cannabis Lobby Sparks Curious Alliances | Cannabis Culture
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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.
NYC Weed Dealers Choice: Go Corporate or Stay Underground?
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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.