New York Regulators Consider Limiting The Issuance Of Marijuana Retail Licenses

12/19/2024 2:06:07 PM

(MENAFN- Investor Brand Network) New York state marijuana regulators are considering whether they should temporarily cap the number of marijuana retail licenses to 1,600. According to a statement from Cannabis Advisory Board (CAB) chair Joseph Belluck, the Cannabis Advisory Board sent the suggestion to cap state retail licenses to the Cannabis Control Board (CCB). The CCB's suggestion is nonbinding and it will be up to the Cannabis Control Board to take steps and facilitate the temporary cap on licenses.

New York's regulated cannabis industry is still in its infancy after the...

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