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‘A Land Grab’ for a Piece of New York’s Marijuana Business
Cannabis companies and brokers are rushing into what could be a $4.2 billion industry, but for all the excitement, there are significant challenges.
A Brooklyn medical marijuana dispensary run by Cresco Labs, which is preparing for possible expansion into sales for recreational users in New York State.Credit.Brian Finke for The New York Times
May 4, 2021, 9:00 a.m. ET
It has been only five weeks since New York State legalized the use of recreational marijuana. The board that will oversee the rollout has yet to be appointed, let alone rules set for how licenses will be issued to cannabis businesses. The sale of legal pot in the state is still a year away. And, of course, marijuana remains illegal on the federal level. ....

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