“Today’s consumer makes environmentally conscious purchases. They don’t want to contribute to a product costing them their environment, probably more than any generation before them has. I think they will choose those products.”
Customers in counties with a high number of municipalities that opted out could still benefit from delivery services that are allowed in the state, but it’s likely to be cost prohibitive for some.
The plan states the first adult use sales will be with products from New York cultivators and suggests sales “possible before the end of 2022”.
“It does seem like each state is learning from the prior state. New Jersey, New York and Connecticut have robust social equity compared to other states. I’m encouraged. Maybe states are learning.”
Benjamin says his Denver lounge attracts a lot of tourists but he’s made sure the locals are involved as well, hosting different events during weekdays for the locals.
The public-private fund will provide aid to eligible social equity applicants. Funds will be drawn from licensing fee revenue and will bring in support from private investors.
The legislation will directly affect hemp farmers in New York, allowing them to switch their operational focus to THC cannabis, including both indoor and outdoor grow operations.
At least twenty adult-use dispensaries are operating on Native American reservations in New York, well ahead of state regulators, who say the earliest recreational sales will begin is in a year and a half.
The licenses of New York’s medical cannabis companies – the only ten in the state – are largely owned by multistate operators.
There’s a lot of hype around the coming market in New York State.
