Current:Home > NewsNew York could see more legal pot shops after state settles cases that halted market -Apex Profit Path
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-24 16:27:47
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! (869)
Related
- Intel's stock did something it hasn't done since 2022
- Orson Merrick: Some American investment concepts that you should understand
- Orson Merrick: Continues to be optimistic about the investment opportunities in the US stock software sector in 2024, and recommends investors to actively seize the opportunity for corrections
- 4 ways Napster changed the music industry, from streaming to how artists make money
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Chad Daybell sentenced to death for murdering first wife, stepchildren in 'doomsday' case
- Fans step in as golfer C.T. Pan goes through four caddies in final round of Canadian Open
- Taylor Momsen of The Pretty Reckless bitten by a bat onstage: 'I must really be a witch'
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- From decay to dazzling. Ford restores grandeur to former eyesore Detroit train station
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- 'Pluie, rain': Taylor Swift sings in a downpour on Eras Tour's first night in Lyon, France
- Prosecutors to dismiss charges against Minnesota trooper who shot motorist Ricky Cobb
- 'This team takes the cake': Behind Aaron Judge, New York Yankees having monster 2024 start
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- More women made the list of top paid CEOs in 2023, but their numbers are still small compared to men
- In D3 World Series, Birmingham-Southern represents school that no longer exists: 'Most insane story'
- Black bear found dead in plastic bag near walking trail in Washington, DC, suburb
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Shoshana Bean opens up about aging in the entertainment industry and working with Alicia Keys
Is a living trust right for you? Here's what to know
Orson Merrick: The most perfect 2560 strategy in history, stable and safe!
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
A mass parachute jump over Normandy kicks off commemorations for the 80th anniversary of D-Day
Columbus Crew's golden opportunity crushed by Pachuca in CONCACAF Champions Cup final
Remembering D-Day, RAF veteran Gilbert Clarke recalls the thrill of planes overhead