New York Gov. Kathy Hochul (D) final week signed a invoice extending the licenses of hashish cultivators and processors because the state has been gradual to get the adult-use market off the bottom. The present state permits are nonetheless thought of provisional as state regulators haven’t but issued everlasting licenses.
The legislation extends the licenses till June 30, 2024.
The invoice additionally extends the adult-use program’s social fairness objectives by requiring conditional license holders to take part in a social fairness mentorship program.
In a statement, State Senator Michelle Hinchey (D), the invoice’s sponsor who additionally serves as chair of the Senate Agriculture Committee, mentioned the package deal of 4 payments she authored that not too long ago handed the state legislature “will strengthen…Upstate and Hudson Valley Communities.”
“Throughout New York State, agriculture is a core business that has formed our native panorama, financial system, and lifestyle, and I’m proud that 4 of my payments supporting totally different wants inside this business have handed the Senate this week.” — Hinchey in a press launch
In keeping with the state Workplace of Hashish Administration (OCM), the state has awarded 215 adult-use hashish retail licenses for the reason that market went into impact; nonetheless, dispensaries have been gradual to open all through the state. In keeping with OCM data, there are at the moment simply 12 operational adult-use retailers, three of that are working as delivery-only providers till they can open their brick-and-mortar places.
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