New York Reserves First Retail Pot Licenses for Former Drug Offenders
A person holds CBD flowers at a CBD shop in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
New York’s first retail licenses to sell recreational cannabis will go to applicants who were convicted of marijuana-related offenses before recreational pot was legalized, or whose relatives were found guilty of a crime connected to pot, according to regulations approved Thursday.
Big companies operating retail shops in other states will have to wait to compete for licenses to do business in New York; those regulations are still being written, according to the Office of Cannabis Management.