Credit: Ian Miller/Adobe Stock Social Equity: The Driver Behind New York's Cannabis Program
Social equity concerns run deep throughout MRTA, resulting in legislation which in many ways is anti-big business and pro-small business.
August 09, 2021 at 11:45 AM
8 minute read
The past several months have ushered in great change for cannabis companies, their investors, employees, consumers and service providers in the Northeast. New Jersey, New York and Connecticut have, in succession, approved adult-use cannabis programs in early 2021, adding a combined population of 33.4 million to states that have liberalized the cultivation, sale, possession and use of cannabis for adults. The adult-use cannabis market in New York is expected to exceed $4.2 billion in revenue by 2027. Once fully implemented, Governor Cuomo's office expects more than $300 million in annual tax revenue.
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