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NY Promised Pot Store Loans Would Build Wealth and Create Equity. Instead, They’re Loading Businesses With Steep Costs. from THE CITY - All RSS feed.
NY Promised Pot Store Loans Would Build Wealth and Create Equity. Instead, They’re Loading Businesses With Steep Costs.

In January 2022, Gov. Kathy Hochul outlined a bold vision to support the ambitious social-equity goals of New York’s new cannabis law: The state would create a $200 million fund to build out ready-to-open dispensaries in prime locations for retail licensees with past cannabis-related convictions. This, lawmakers and regulators agreed, was a chance for those […]
The post NY Promised Pot Store Loans Would Build Wealth and Create Equity. Instead, They’re Loading Businesses With Steep Costs. appeared first on THE CITY - NYC News.