Current:Home > FinanceNew York could see more legal pot shops after state settles cases that halted market -DollarDynamic
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-27 20:42:41
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! (5)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Patrick Mahomes Breaks Silence on Frustrating Robbery Amid Ongoing Investigation
- John Krasinski is People's Sexiest Man Alive. What that says about us.
- Philadelphia mass transit users face fare hikes of more than 20% and possible service cuts
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- LSU student arrested over threats to governor who wanted a tiger at college football games
- Special counsel Smith asks court to pause appeal seeking to revive Trump’s classified documents case
- Colorado police shot, kill mountain lion after animal roamed on school's campus
- Questlove charts 50 years of SNL musical hits (and misses)
- Caitlin Clark shanks tee shot, nearly hits fans at LPGA's The Annika pro-am
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- US overdose deaths are down, giving experts hope for an enduring decline
- Full House's John Stamos Shares Message to Costar Dave Coulier Amid Cancer Battle
- Hurricane forecasters on alert: November storm could head for Florida
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Glen Powell responds to rumor that he could replace Tom Cruise in 'Mission: Impossible'
- Glen Powell responds to rumor that he could replace Tom Cruise in 'Mission: Impossible'
- Biden, Harris participate in Veterans Day ceremony | The Excerpt
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Crews battle 'rapid spread' conditions against Jennings Creek fire in Northeast
Can't afford a home? Why becoming a landlord might be the best way to 'house hack.'
Incredible animal moments: Watch farmer miraculously revive ailing chick, doctor saves shelter dogs
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Philadelphia mass transit users face fare hikes of more than 20% and possible service cuts
Amazon launches an online discount storefront to better compete with Shein and Temu
The View's Sara Haines Walks Off After Whoopi Goldberg's NSFW Confession