One of the recommendations to regulators in New York is to issue up to $1 billion in municipal marijuana bonds to help entrepreneurs start and establish an entertainment marijuana business. Governor Kathy hochul's office announced a plan in January to set up a $200 million public-private fund to support the state's ambitious goal of granting 50% of permits to social equity applicants. The goal is to establish a diversified cannabis industry, including individuals affected by the drug war. According to Bloomberg, the New York State financial authority, the residential area authority, will manage the plan and has been seeking advice on various methods.
Source: mjbizdaily com/