New York State's marijuana industry has seen significant growth, with over 1,300 licenses issued and monthly sales peaking at $97.4 million by August 2024, demonstrating a commitment to equity.
The report highlights that 54.7% of adult-use cannabis licenses have been awarded to social and economic equity-eligible applicants, exceeding the initial goal of 50% set by the Marijuana Regulation and Taxation Act.
Tremaine Wright, chairperson of the NYS Cannabis Control Board, emphasized that the focus from the start has been on creating a fair and inclusive cannabis industry that repairs past harms.
Despite the achievements, the cannabis licensing program continues to face controversies and challenges, as noted by critics of the Office of Cannabis Management.
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