Current:Home > InvestNew York could see more legal pot shops after state settles cases that halted market -Clarity Finance Guides
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-18 15:58:25
ALBANY, N.Y. (AP) — New York could soon start to get more recreational marijuana dispensaries after a judge on Friday approved legal settlements to end lawsuits that halted the state’s legal cannabis licensing program.
The settlements lift a court order that has blocked the state from processing or issuing retail marijuana licenses since August. State officials said the agreement will allow more than 400 potential retailers to move forward with pending applications to open storefronts.
“With this settlement behind us, hundreds of new licenses can now move forward, new stores will open, and consumers can legally buy safer, legal, tested cannabis products from New York-based entrepreneurs and small businesses,” Gov. Kathy Hochul said in a statement.
The state’s legal market has been in shambles since sales began about a year ago. Bureaucratic problems and lawsuits have allowed only about two dozen legal dispensaries to open, as farmers sit on a glut of crops and black market shops fill the void.
Last summer, State Supreme Court Justice Kevin Bryant blocked the state from processing or issuing new permits after two lawsuits — one filed by a group of four military veterans and the other by a coalition that included large medical marijuana companies — challenged state rules that promised many of the first retail licenses to people with past drug convictions.
State cannabis regulators this week announced settlements in the cases, with Bryant formally approving the deals Friday.
The agreements grant provisional dispensary licenses to the military veterans and outlines a process where the state will work with the medical marijuana companies on their applications to ensure they can sell recreational cannabis at their stores at the end of the month.
A representative for the group of veterans did not immediately comment Friday. An attorney for the coalition of medical marijuana companies did not return an emailed request for comment.
veryGood! (17)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- A 3M Plant in Illinois Was The Country’s Worst Emitter of a Climate-Killing ‘Immortal’ Chemical in 2021
- Imagining a World Without Fossil Fuels
- Director Marcos Colón Takes an Intimate Look at Three Indigenous Leaders’ Fight to Preserve Their Ancestral Connection to Nature in the Amazon
- Meta donates $1 million to Trump’s inauguration fund
- Six Environmental Justice Policy Fights to Watch in 2023
- In Pennsylvania, Home to the Nation’s First Oil Well, Environmental Activists Stage a ‘People’s Filibuster’ at the Bustling State Capitol
- These Best Dressed Stars at the Emmy Awards Will Leave You in Awe
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Most Federal Forest is Mature and Old Growth. Now the Question Is Whether to Protect It
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Why the Language of Climate Change Matters
- Once Hailed as a Solution to the Global Plastics Scourge, PureCycle May Be Teetering
- Fracking Wastewater Causes Lasting Harm to Key Freshwater Species
- Average rate on 30
- Nina Dobrev Recalls Wild Experience Growing Up in the Public Eye Amid Vampire Diaries Fame
- How Riley Keough Is Celebrating Her First Emmy Nomination With Husband Ben Smith-Petersen
- Jenna Ortega's Historic 2023 Emmys Nomination Deserves Two Snaps
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Make Your Life Easier With 25 Problem-Solving Products on Sale For Less Than $21 on Prime Day 2023
Once Hailed as a Solution to the Global Plastics Scourge, PureCycle May Be Teetering
Public Lands in the US Have Long Been Disposed to Fossil Fuel Companies. Now, the Lands Are Being Offered to Solar Companies
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Viasat reveals problems unfurling huge antenna on powerful new broadband satellite
These 14 Prime Day Teeth Whitening Deals Will Make You Smile Nonstop
The Vampire Diaries' Kat Graham and Producer Darren Genet Break Up One Year After Engagement