New York’s Political Crisis Likely To Delay Adult-Use Marijuana Rollout, Hurt Smaller Entrepreneurs
Any fast-tracking by the state is likely to benefit existing medical cannabis operators
New York Gov. Andrew Cuomo’s announcement that he would resign from office amid sexual-harassment and assault allegations added fuel to the political crisis rocking the state and could further slow the rollout of the recreational marijuana program he signed into law.
Any delays could hurt smaller operators in particular, including social equity applicants, who plan to apply for licenses to operate cultivation facilities, shops and other businesses in a market that is expected to exceed $2 billion in annual sales in a few years time.
The turmoil engulfing the governor also could hold up appointments to the state’s new Cannabis Control Board.
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