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.
Assembly Majority Leader Crystal Peoples-Stokes, who co-sponsored the adult use legislation, said she’s “met most every wealthy, influential person” interested in New York's cannabis industry, but equity comes first.
Q&A: What s allowed under New York s new cannabis law 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.
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