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New York cannabis regulators took their first first step toward opening up new recreational dispensaries on Friday after lawsuits tied up the market since August. Sellers say it’s a step in the right direction but the market still has a long way to go until it’s populated by legal sellers.
The state’s Cannabis Control Board (CCB) greenlit six of the state’s 10 licensed medical marijuana companies to begin adult-use cannabis sales on Dec. 29 — a year after recreational sales first began. The move came at a meeting of the control board in Albany on Dec. 8 — the first since the state settled two lawsuits that have frozen the growth of its marijuana industry since August.
“Slowly we are now going to have new retail options. It’s a big help but there are still huge problems ahead for the marketplace and for adults not having to walk by 10 or 15 illicit shops on their way to one licensed one,” said Adam Goers, an executive of The Cannabist Company, one of the medical marijuana businesses that was granted the license.
The news that several multi-state medical manufacturers and retailers can now open dispensaries on Dec. 29 marks the entrance for the bigger medical companies into the state’s marijuana market and a considerable policy shift. But it’s unclear whether the licenses will lead new dispensaries to open early next year.
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