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Why are there so many illegal weed stores in New York City? (Part 2)
Apr 5, 2024
Exploring the challenges of regulating the cannabis market in New York City, the rise of illegal weed stores, the complexities of the card program, the struggles of opening a legal cannabis store, obstacles faced by investors, and interviews with industry insiders like Tremaine Wright.
01:08:42
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- New York's legalization efforts aimed for social equity in the cannabis industry, but faced challenges with vague details and a thriving illegal market.
- The Card Program intended to promote equity by granting licenses to justice-involved individuals, yet legal complexities arose, questioning its legality.
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New York's Complicated Journey to Legalize Cannabis
New York's attempts to legalize cannabis followed an intriguing path filled with challenges and controversies. The state's vision included allocating 50% of new weed licenses to social and economic equity applicants, aiming for justice-involved individuals to benefit from the legalization. However, the implementation faced hurdles with vague details and the emergence of a flourishing illegal market, contrasting the red tape within the legal one.
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