The Big Apple’s New Initiative To Equitably Grow NYC’s Cannabis Industry

New York City Mayor Eric Adams and Department of Small Business Services (SBS) commissioner Kevin D. Kim announced the launch of NYC, a first-of-its-kind initiative and suite of services to support the equitable growth of the cannabis industry in the Big Apple.

As a key pillar of Adams’ Blueprint for New York City’s Economic Recovery, the initiative provides business assistance to -involved New Yorkers ahead of the state’s opening of cannabis retail license applications.

“We light up our economy and launch Cannabis NYC — a first-of-its-kind initiative to support equitable growth of the cannabis industry in New York City,” said Adams. “The regulated adult-use cannabis industry is a once-in-a-generation opportunity for our underserved communities that have, for too long, faced disproportionate rates of drug-related incarceration to get in on the industry on the ground floor.”

Supporting Cannabis Entrepreneurs

Cannabis NYC, housed at the SBS, will work with industry stakeholders to create good jobs, successful small businesses, and sustainable economic opportunities, while also addressing the harms of cannabis prohibition.

“Cannabis NYC will plant the seeds for the economy of tomorrow by helping New Yorkers apply for licenses and understand how to open and successfully run a business, while simultaneously rolling equity into our economy by giving those who have been -involved and those

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