Cannabis Status: Opening
The New York market will offer amazing opportunities for cannabis operators, with some of the most densely populated urban centers in the country. In addition the New York City area is one of the most popular tourist destinations in the country, with approximately 65 million tourists a year visiting the one city alone. Read on for more information on the upcoming cannabis regulations in New York and find out how you can tap into this lucrative market!
Name: New York
Population: 8,419,000
Median Income: $63,998
Cannabis Uses: Retail, Delivery, Cultivation, Distribution, Nursery, On-Site Consumption, Processor, Testing Lab, Small Business Adult-Use Cooperative, Microbusiness
State Cannabis Overview: The New York legislature is in the process of passing the Marijuana Regulation and Taxation Act (MRTA) to legalize adult-use cannabis use in the state and lay a foundation for the establishment of a commercial market. While Governor Cuomo has a separate cannabis legalization proposal and negotiations are currently underway to bring the two measures closer together, it is expected that the final bill passed will more closely align with the MRTA.