Current:Home > StocksNew York could see more legal pot shops after state settles cases that halted market -FinanceCore
New York could see more legal pot shops after state settles cases that halted market
View
Date:2025-04-19 06:01:20
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! (182)
Related
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Millions of Google search users can now claim settlement money. Here's how.
- Dakota Pipeline Protest Camp Is Cleared, at Least 40 Arrested
- Khloe Kardashian Slams Exhausting Narrative About Her and Tristan Thompson's Relationship Status
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- 86-year-old returns George Orwell's 1984 to library 65 years late, saying it needs to be read more than ever
- Americans Increasingly Say Climate Change Is Happening Now
- Trisha Yearwood Shares How Husband Garth Brooks Flirts With Her Over Text
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Wisconsin’s Struggling Wind Sector Could Suffer Another Legislative Blow
Ranking
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- New York City Is Latest to Launch Solar Mapping Tool for Building Owners
- A new, experimental approach to male birth control immobilizes sperm
- Trump’s Repeal of Stream Rule Helps Coal at the Expense of Climate and Species
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Is Trump’s USDA Ready to Address Climate Change? There are Hopeful Signs.
- ICN Expands Summer Journalism Institute for Teens
- Standing Rock: Tribes File Last-Ditch Effort to Block Dakota Pipeline
Recommendation
Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
SoCal Gas’ Settlement Over Aliso Canyon Methane Leak Includes Health Study
Elle Fanning's Fairytale Look at Cannes Film Festival 2023 Came Courtesy of Drugstore Makeup
A food subsidy many college students relied on is ending with the pandemic emergency
Tom Holland's New Venture Revealed
Bud Light is no longer America's best-selling beer. Here's why.
Regulators Demand Repair of Leaking Alaska Gas Pipeline, Citing Public Hazard
Rise of Energy-Saving LEDs in Lighting Market Seen as Unstoppable