New York Legalizes Recreational Marijuana, Tying Move to Racial Equity

But that will not apply to the state’s few but influential medical cannabis corporations, which currently operate about 40 dispensaries statewide. Those companies will be allowed to keep their operations vertically integrated, meaning they could cultivate, process and sell cannabis. Supporters said the new law has guardrails to prevent a few companies from dominating the market and to make sure that wealthy white investors do not reap most of the benefits, which critics say is what has happened in other states. Half of business licenses, for example, are supposed to be issued to “social equity applicants.” That includes people from…

New York Legalizes Recreational Marijuana, Tying Move to Racial Equity Topshelf News.

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