New York to open first legal pot dispensary by year's end

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New York to open first legal pot dispensary by year's end
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The first legal dispensary for recreational marijuana in New York is set to open on December 29, marking a long-awaited launch of a cannabis industry that could become one of the country's most lucrative. 9News

Governor Kathy Hochul announced on Wednesday that Housing Works, a minority-controlled non-profit in Manhattan that serves people with HIV and AIDS, will be the first of 36 recently licensed dispensaries to begin selling cannabis to the general public — even though dozens of illegal shops have been in operation for many months.

The announcement was made one month after the state's Cannabis Control Board took a monumental step in establishing a legal marketplace for marijuana by issuing the first round of licenses.Marijuana plants for the adult recreational market are seen hanging in a drying room at a farm in Suffolk County, New York.In the coming months, the state is expected to issue an additional 139 licenses, with about 900 applicants waiting to learn their fate.

"The industry will continue to grow from here, creating inclusive opportunity in every corner of New York State with revenues directed to our schools and revitalising communities," Hochul said in her announcement.Housing Works, which also serves homeless and formerly incarcerated people, was one of eight non-profits among the initial licensees.

"This opportunity will not only give our team the resources to further our overall mission, but to feature and elevate products coming from LGBTQ+, BIPOC and women-led cannabis brands across the state," said Charles King, chief executive officer of Housing Works.

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