rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114rank-math-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/newjerseylocalne/public_html/wp-includes/functions.php on line 6114Would doubling first-round dispensary licenses by the New York State Office of Cannabis Management (OCM) eliminate Midtown’s illegal grey market?<\/p>\n
Yesterday, the OCM proposed increasing state cannabis dispensary licenses from 150 to 300. According to an OCM press release, Manhattan will receive 44 of the 150 licenses, up from 22.<\/p>\n
\u201cThis extension will allow more businesses to engage in the initial wave of this market, allowing them to profit on the growing demand for cannabis products,\u201d said Cannabis<\/a> Control Board Chair Tremaine Wright.<\/p>\n More enterprises entering this sector will increase innovation and competition, improving user experiences. New York’s cannabis market development will benefit everyone in this dynamic industry.\u201d<\/p>\n \u201cNew York is doing something remarkable when it comes to establishing our cannabis sector, and now we’re tripling the impact of our Conditional Adult-Use Retail Dispensary program,\u201d said OCM Executive Director Chris Alexander.<\/p>\n \u201cIt’s been amazing to witness the positive atmosphere behind our efforts to benefit entrepreneurs who suffered under New York State. We will continue creating actual possibilities for talented individuals who have been kept out from legal cannabis marketplaces nationwide.\u201d<\/p>\n Several New Yorkers responded to the announcement with skepticism, citing a delayed rollout of licenses. Since marijuana legalization in March 2021, Manhattan has only three licensed dispensaries.<\/p>\n \u201cHochul predicted 100 dispensaries by December 31 last year. “I didn’t realize she meant 2098,” tweeted one commentator. Another added: \u201cYou understand there are thousands of dispensaries in this state already?<\/p>\n Your economics 101 ignorance makes them unlicensed. Demand-supply.\u201d NY Cannabis Insider editor Brad Racino said: \u201cBy the end of this month, Kathy Hochul’s state budget planned to have received $56 million from adult-use cannabis taxes. In January, the state collected $20,000 in taxes.<\/p>\n A legal dispensary has yet to be revealed or permitted in Hell’s Kitchen, but dozens of grey market stores have filled the West Side with smoke, confusing locals and shoppers.<\/p>\n W42ST assigned Catie Savage to examine all local smoke shops\u2014tobacco, cannabis, and “other”\u2014last month. She found more than 30 dispensaries, many of which were “weed bodegas”\u2014New York’s fastest-growing unlawful operation.<\/p>\n Easily identified by their sometimes jaunty, colorful interior decor and creative names, “weed bodegas” often resemble high-budget, legally licensed shops, but their lack of ingredient safety, price, and security regulations, as well as stolen market share from legal shops, have led local lawmakers to view the rapidly generating stores as deeply detrimental to the city’s legal dispensary development.<\/p>\n What Is The Concept Of Cryosleep And How Will It Transform Humanity?<\/span><\/a><\/p>\n<\/blockquote>\n New Yorkers claim that the combination of the sluggish legalizing process and the city\u2019s past enforcement policy in which police would raid a shop, only to find it reopened the next day have created an environment where grey businesses may continue to grow up like\u2026weeds.<\/p>\n Going through Hell\u2019s Kitchen, where shuttered stores convert into smoke shops on a daily basis, there was no hint of a slowing – the 10th Avenue Strand Han\u2019s Cleaner is closed to be replaced with a giant \u201cPINK TREEZZZ\u201d dispensary sign.<\/p>\n At a February 7 press conference, DA Alvin Bragg, Mayor Eric Adams, City Council Members Gale Brewer, Erik Bottcher, and other legislators declared a new, eviction-based initiative to shut down grey market enterprises, which they argued not only stole profits from justice-affected operators of legal shops but endangered the public by selling unregulated, sometimes contaminated marijuana and by marketing and selling to minors.<\/p>\n OCM spokesperson Aaron Ghitelman told W42ST: \u201cWe understand the urge for things to happen quickly and all at once, New Yorkers have been excitedly waiting for a legal cannabis sector since Colorado and Washington first legalized cannabis in 2014.<\/p>\n We always urge optimistic entrepreneurs not to put the wagon before the horse. We carefully regulate and protect this business. New York’s two-tiered market allows all operators to compete and succeed.<\/p>\n This is not a market that will be dominated or monopolized by a few well-capitalized competitors, but one that gives all who enter a meaningful opportunity at success.\u201d<\/p>\n Read more<\/strong>:\u00a0How to Get a Hike in Savings With These 8 Simple Ways<\/a><\/p>\n Achieve Financial Growth in a Short Period by Follow These Eight Simple Steps<\/a><\/p>\n\n