New York regulators issued 99 new adult-use cannabis retail licenses on Monday, including to applicants previously blocked by an ongoing lawsuit that left key markets such as Brooklyn off-limits to legal sales.
The state has now issued 165 Conditional Adult-Use Retail Dispensary (CUARD) licenses, a “vast expansion” made easier by a recent ruling in a court case that’s still blocking retailers in one region of the state, Tremaine Wright, the chair of the New York Cannabis Control Board, said in a statement announcing the new permits.
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Fifty-three of the licenses approved Monday are for marijuana retailers in New York City, according to the Cannabis Control Board.
Nearly two years after New York legalized adult-use cannabis, the state’s estimated $1.2 billion market is emerging more slowly than expected.
Last year, Gov. Kathy Hochul and state regulators announced that the first 150 retail licenses in the state
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