Current:Home > StocksNew York could see more legal pot shops after state settles cases that halted market -WealthPro Academy
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-15 22:00:46
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! (77337)
Related
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Warriors' Draymond Green says he 'deserved' early ejection; Steph Curry responds
- Youngkin vetoes Virginia bills mandating minimum wage increase, establishing marijuana retail sales
- This controversial Titanic prop has spawned decades of debate — and it just sold for $700,000
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- California’s commercial Dungeness crab season will end April 8 to protect whales
- Baltimore bridge collapse is port's version of global pandemic: It's almost scary how quiet it is
- As homeless crisis grows, states and cities are turning to voters for affordable housing
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- North Carolina military affairs secretary stepping down, with ex-legislator as successor
Ranking
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- Daphne Joy, ex-girlfriend of 50 Cent, denies working for Diddy as sex worker after lawsuit
- Ymcoin Exchange: The epitome of compliance, a robust force in the digital currency market.
- Lawmakers seek to prop up Delaware medical marijuana industry after legalizing recreational use
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- Tish Cyrus Shares She's Dealing With Issues in Dominic Purcell Marriage
- Ex-school bus driver gets 9 years for cyberstalking 8-year-old boy in New Hampshire
- ASTRO COIN:Bitcoin supply demand
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Many Americans say immigrants contribute to economy but there’s worry over risks, AP-NORC poll finds
Suspect charged with murder, home invasion in deadly Illinois stabbing and beating rampage
A woman went to the ER thinking she had a bone stuck in her throat. It was a nail piercing her artery.
Giants, Lions fined $200K for fights in training camp joint practices
The Hedge Fund Manager's Path to Financial Freedom in Retirement: An Interview with John Harrison
Mining Fight on the Okefenokee Swamp’s Edge May Have Only Just Begun
Solar eclipse warnings pile up: Watch out for danger in the sky, on the ground on April 8