New York's first recreational marijuana store to open on Dec. 29

A nonprofit organization with a mission to end homelessness and AIDS will open New York's first recreational marijuana store on Dec. 29. Housing Works will open in Manhattan, the state's Office of Cannabis Management (OCM) announced at a Wednesday morning board meeting. The nonprofit operates bookstores and thrift stores in Brooklyn and Manhattan, and also provides community services such as COVID-19 testing, health care, housing, legal help and other assistance programs. The development was seen as a victory by New York regulators and Governor Kathy Hochul, who have insisted for months that the influential marketplace will be open by the end of the year, even though several rules, requirements and financing mechanisms have yet to be finalized. According to the 2022 MJBiz Factbook, retail adult-use cannabis sales in New York are expected to reach $1 billion to $1.2 billion next year and grow to $2.2 billion to $2.7 billion by 2026.

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