NEW YORK ( Associated Press) – New York’s first legal dispensary for the sale of recreational marijuana will open its doors on Dec. 29, a highly anticipated opening for an industry that could become one of the most lucrative in the United States.
Governor Cathy Hochul announced Wednesday that Housing Works, a minority-controlled nonprofit in Manhattan that helps people with HIV and AIDS, is the first of 36 newly approved dispensaries to begin selling cannabis to the general public. Will be, despite the fact that dozens are illegal. Shops have been running for several months.
The announcement comes a month after the state’s cannabis control board took an important step in establishing a legal market for marijuana by issuing its first round of licenses. In the coming months, the state plans to issue 139 more licenses, though nearly 900 applicants are waiting to hear about their future.
“The industry will continue to grow from now on, creating inclusive opportunities throughout New York State, with revenue going to our schools and revitalizing communities,” Hochul said in his announcement.
New York legalized the recreational use of marijuana in March 2021.
Housing Works, which also helps the homeless and ex-convicts, was one of eight non-profit organizations that received the first license.
Charles King said, “This opportunity will not only give our team the resources to further our overall mission, but it will also include and elevate products coming from the LGBTQ+ community, the BIPOC community, and women-produced brands from across the state. ” CEO of Housing Works, using the acronym BIPOC to refer to the Black, Indigenous and People of Color community.
The state reserved its first round of sales licenses for applicants who owned or had family members of cannabis, as well as certain non-profit groups. He also plans to create a $200 million public-private fund to assist “social equality” applicants.