New York Regulators Intend To Approve Over 100 Cannabis Licenses In Anticipation Of Weed Sales At Madison Square Garden
New York’s cannabis regulators are slated to approve 24 cultivators, nine distributors, 27 microbusinesses, 12 processors and 38 retailers at its Friday meeting, reported Green Market report.
The move comes after Gov. Kathy Hochul (D) expressed her frustration with the slow rollout of the New York recreational cannabis market, which is overseen by the Office of Cannabis Management (OCM).
Hochul said last month in Buffalo that she was “fed up with how long it is taking” for new businesses to get the green light to launch recreational cannabis sales.
Yet, Damian Fagon who was appointed as the CEO of the OCM remains optimistic.
“This is a new frontier. They’re going to be selling weed at Madison Square Garden eventually,” Fagon, said on the “I Smoke NY” podcast last month.
He said capitalism is “ruining everything beautiful,” including grassroots pot entrepreneurs, adding he could see capitalists “fetishizing” the cannabis market and “selling it back to the people who created it.”
Meanwhile, a lawsuit filed by the village of Massena in the state Supreme Court in Canton against Famous A’s and THC Remedies alleging they operate two marijuana stores without being …