Finally! Legal Cannabis Sales Will Begin In The Big Apple Dec. 29, Gov. Hochul Announces

New York state will finally kick off legal recreational marijuana sales, Governor Kathy Hochul announced on Wednesday.

Hochul said that Housing Works will make the first retail sale of adult-use cannabis on Dec. 29 at a storefront at 750 Broadway. 

"We set a course just nine months ago to start New York's adult-use cannabis market off on the right foot by prioritizing equity, and now, we're fulfilling that goal," Hochul said in prepared statements, reported BronxNews12. "The industry will continue to grow from here, creating inclusive opportunity in every corner of New York State with revenues directed to our schools and revitalizing communities."

Housing Works, a New York City-based nonprofit that runs a chain of thrift shops around the city, will launch sales at its 4,400-square-foot Manhattan dispensary. All proceeds will be directed to the nonprofit. Housing Works, which provides services to people who were formerly incarcerated and those living with HIV/Aids, is one of three dozen groups and individuals awarded the New York state's first retail licenses last month. 

“We are eager to take the lead as a social equity model for America’s cannabis industry, specifically with our hiring practices and continued support of individuals and communities disproportionately impacted by the unjust War on Drugs,” said Sasha Nutgent, store manager of Housing Works Cannabis Co., in a statement.

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsMarketscannabis salesGovernor Kathy HochulNYC
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.