Current:Home > StocksNew York could see more legal pot shops after state settles cases that halted market -Mastery Money Tools
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-19 11:36:44
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! (663)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Why Julianne Hough Sees Herself With a Man After Saying She Was Not Straight
- Coach named nearly 400 times in women's soccer abuse report no longer in SafeSport database
- What is Galaxy Gas? New 'whippets' trend with nitrous oxide products sparks concerns
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Oklahoma prepares for an execution after parole board recommended sparing man’s life
- Opinion: Pac-12 revival deserves nickname worthy of cheap sunglasses
- Philadelphia mayor reveals the new 76ers deal to build an arena downtown
- Nevada attorney general revives 2020 fake electors case
- Naomi Campbell banned from charity role for 5 years after financial investigation
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Check out refreshed 2025 Toyota Sienna minivan's new extra features
- NYC Mayor Eric Adams Charged With Conspiracy to Commit Wire Fraud and Bribery
- Artem Chigvintsev breaks silence on his arrest after prosecutors decide not to charge him
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Harris makes scandal-plagued Republican the star of her campaign to win North Carolina
- Erradicar el riesgo: el reto de Cicero para construir un parque inclusivo que sea seguro
- Malik Nabers is carrying Giants with his record rookie pace, and bigger spotlight awaits
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Zelenskyy is visiting the White House as a partisan divide grows over Ukraine war
LinkedIn is using your data to train generative AI models. Here's how to opt out.
These are the top 5 states with the worst-behaved drivers: Ohio? Texas? You're good.
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Chiefs' Andy Reid, Patrick Mahomes explain Travis Kelce’s slow start
Tommy John surgery is MLB's necessary evil 50 years later: 'We created this mess'
UFC reaches $375 million settlement on one class-action lawsuit, another one remains pending