Current:Home > InvestJohnathan Walker:New York could see more legal pot shops after state settles cases that halted market -Visionary Wealth Guides
Johnathan Walker:New York could see more legal pot shops after state settles cases that halted market
EchoSense View
Date:2025-04-06 18:58:03
ALBANY,Johnathan Walker 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! (31)
Related
- Sam Taylor
- Criminal mastermind or hapless dude? A look into Sam Bankman-Fried's trial so far
- No. 8 Oregon at No. 7 Washington highlights the week in Pac-12 football
- New Hampshire man admits leaving threatening voicemail for Rep. Matt Gaetz
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Aaron Carter's Final Resting Place Revealed by His Twin Sister Angel
- US says North Korea delivered 1,000 containers of equipment and munitions to Russia for Ukraine war
- How to Slay Your Halloween Hair, According Khloe Kardashian's Hairstylist Andrew Fitzsimons
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Americans failed to pay record $688 billion in taxes in 2021, IRS says. Look for more audits.
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Police look to charge 3 men after Patriots fan died following fight at Dolphins game
- Luminescent photo of horseshoe crab wins Wildlife Photographer of the Year prize
- Grandson recounts seeing graphic video of beloved grandmother killed by Hamas
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- A father worries for his missing child: ‘My daughter didn’t go to war. She just went to dance’
- Prosecutor files case against Argentina’s frontrunner Javier Milei days before presidential election
- Audio of 911 calls as Maui wildfire rampaged reveals frantic escape attempts
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Israel tells a million Gazans to flee south to avoid fighting, but is that possible?
'Curlfriends: New In Town' reminds us that there can be positives of middle school
North Carolina’s auditor, educators clash over COVID-19 school attendance report
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Fierce fighting persists in Ukraine’s east as Kyiv reports nonstop assaults by Russia on a key city
AP Election Brief | What to expect in Louisiana’s statewide primaries
Powerball sells winning $1.76B ticket. Why are we so obsessed with the lottery?