New York has been one more region to move forward with the cannabis change to reform and reduce the threat of violence that has traditionally been associated with cannabis activities.
All around the US we are seeing legal markets for recreational and medicinal use pop up over the last decade+.
Even though a state might seek to legalize though it could still take a significant amount of time before shops are open and ready to sell.
It might even be years before they are ready to do that.
When a legal market for cannabis is embraced some of those businesses wait years trying to secure their license and permissions to get into the industry. Meanwhile they might be trying to hold on to valuable real estate somewhere that they see a future dispensary being built one day. It isn't your average entrepreneur who can float that sort of cost and wait it out for many months or years to see what happens.
It can also be difficult for growers and others in the industry to be able to get insurance or to access certain finance services etc, because of the nature of federal criminalization that still remains.
More and more we see big corporations getting into the cannabis industry and those behind the companies fueling the goods aren't often small independent and family run operations, it's usually much larger operations that are multi-state or even international in scale.
The cannabis market hasn't come across as a fair playing field for all who want to get involved. Especially for those in the US, and other regions with a long history of cannabis, who have had many entrepreneurs pave the way with their sacrifice and skill only to be left behind when a state framework for the industry came about.
Some regions have been trying to rectify that and give out those licenses to those who need it more, while others have been sued because of the alleged corruption intertwined with the whole process.
What many thought was coming was more freedom for the marijuana industry for independent growers and business owners to get involved, instead it seems the opportunities within have been arguably few.
Those opportunities in business have been artificially and unnecessarily reduced.
However, despite those restrictions and there being much more interest for market involvement that hasn't been met yet, this has still become one of the biggest industries in the US today, creating thousands of different products and jobs along the way.
Pics:
pixabay
Sources:
https://www.sgvtribune.com/2021/05/12/lawsuits-accuse-el-monte-of-pay-to-play-for-cannabis-licenses/
https://mjbizdaily.com/cannabis-licensing-decisions-challenged-by-marijuana-firms/
https://www.vox.com/the-goods/2022/10/11/23391609/new-york-marijuana-laws-legalization-bodega-weed-truck
https://www.nbcnews.com/news/us-news/massachusetts-make-history-first-legal-marijuana-shops-east-coast-set-n938136