New York regulators increase adult-use marijuana retail licenses to 300

New York regulators on Thursday doubled the number of available retail licenses for adult-use marijuana social justice applicants to 300. According to news outlet CNYCentral, each of the state's 14 dedicated regions will see a proportional increase in recreational marijuana licenses. The state's chief regulator, the New York Cannabis Control Commission, has issued 66 temporary CAURD licenses, but only four licensed dispensaries are in operation. That's well below the market expectations touted by regulators and the state's top politicians ahead of the Dec. 29 launch of adult sales. Even if the state's potential $1 billion market is fully operational with hundreds of licensed retailers, they will still be competing with hundreds of retailers operating illegally in broad daylight in New York City, which has largely been unchecked effectively for years.

Information source: new.qq.com/omn/author/8713560