Less than a year after approving the 15th regulated adult-use market in the United States, New York is almost ready to begin sales. The recreational market could generate at least $1 billion in sales in its first year of operation, while the state earns about $350 million in annual tax revenue. The state’s announcement to give equity applicants a headstart over large companies is a huge move. Hundreds of New York cannabis ex-convicts are hoping to get one of these licenses for a smooth transition into the legal cannabis market. The initiative has given residents of disadvantaged communities hope that their futures could be bright and high!
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