Regulators in New York will consider imposing a “temporary” limit of 1,600 marijuana retail licenses issued by the state.
That’s the nonbinding suggestion sent to the state Cannabis Control Board by the Cannabis Advisory Board, which voted to approve the recommendation Friday, CAB chair Joseph Belluck confirmed to MJBizDaily.
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The CCB would have to take further action for any limit to take effect.
Belluck stressed that the delay in new permits would be temporary and subject to constant reevaluation.
The notion of limiting permits at all is a new development bound to generate controversy in New York, where regulated marijuana retail sales are finally approaching the $1 billion-per-year mark after a rollout plagued by lawsuits and competition from the illicit market.
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