New legislation and major policy shifts have been proposed to stabilize the shaky rollout of New York’s adult-use marijuana program, including allowing some of the nation’s largest multistate operators (MSOs) to enter the expanded market by year’s end.
Regulators at the Office of Cannabis Management (OCM) recently proposed the revised regulations to jump-start the potential $3 billion market with more retail locations.
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Regulators also hope to energize a supply chain that currently offers limited business opportunities.
As of press time, only 12 retailers had opened since the Dec. 29 launch of recreational marijuana sales in New York, and three are designated as “temporary delivery only,” an authorization that allows retailers to fulfill orders for up to one year from an office location.
About half of New York’s 1,520 municipalities are opting out of adult-use retail, including the majority of towns in densely populated Long Island.
The proliferation
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