New York’s roll out of its recreational cannabis program—passed into law as part of the Marijuana Regulation and Taxation Act (MRTA) on March 31, 2021—has been an exercise of one step forward, two steps back. As extensively covered in the media, the delays resulting from the failure to start the program in earnest have resulted in farmers sitting on thousands of pounds of cannabis, and an illicit (or “grey”) market that dwarfs the legal market in New York.

As of August 2023 (more than two years after MRTA’s passage), there are only 23 legal dispensaries open for business—some of which only offer delivery.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]