Current:Home > reviewsNew York could see more legal pot shops after state settles cases that halted market -FutureProof Finance
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-18 16:24:06
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! (66665)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Statins vs. supplements: New study finds one is 'vastly superior' to cut cholesterol
- Why Andy Cohen Was Very Surprised by Kim Zolciak and Kroy Biermann's Divorce
- Jon Gosselin Pens Message to His and Kate's Sextuplets on Their 19th Birthday
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- 'Sunny Makes Money': India installs a record volume of solar power in 2022
- Far From Turning a Corner, Global CO2 Emissions Still Accelerating
- ‘We See Your Greed’: Global Climate Strike Draws Millions Demanding Action
- North Carolina justices rule for restaurants in COVID
- Treat Mom to Kate Spade Bags, Jewelry & More With These Can't-Miss Mother's Day Deals
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Japanese employees can hire this company to quit for them
- Push to Burn Wood for Fuel Threatens Climate Goals, Scientists Warn
- Special counsel Jack Smith says he'll seek speedy trial for Trump in documents case
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- 'Running While Black' tells a new story about who belongs in the sport
- Bryan Cranston says he will soon take a break from acting
- Kim Kardashian’s SKIMS Wedding Shop Has You Covered for the Big Day and Beyond
Recommendation
Trump wants to turn the clock on daylight saving time
Bad Bunny and Kendall Jenner Soak Up the Sun on Beach Vacation With Friends
Too Hot to Handle's Francesca Farago Shares Plans to Freeze Eggs After Jesse Sullivan Engagement
This $28 Jumpsuit Has 3,300+ 5-Star Amazon Reviews and It’s Available in Sizes Ranging From Small to 4X
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Fish Species Forecast to Migrate Hundreds of Miles Northward as U.S. Waters Warm
Coastal Real Estate Worth Billions at Risk of Chronic Flooding as Sea Level Rises
Today’s Climate: August 6, 2010