Despite the rocky start, New York Gov. Kathy Hochul and the state’s Office of Cannabis Management project that total cannabis sales will exceed $200 million in early June. In May alone, sales surged by $4.4 million, reaching a total of $46.2 million. The last week of the month recorded a …

As the licensed New York cannabis market continues to ramp up, it appears that a few of the entrepreneurs taking part have also been trying to take advantage of the successes earned by brands from other states. Case in point: One of the conditional adult use retail dispensary permit winners …

Many issues – from slow approval of licenses to a prolific illicit market – have plagued New York’s adult-use cannabis program since the Marihuana Regulation and Taxation Act was signed into law in March 2021. But a more universal challenge also stifled development of the industry: lack of access to …

The Daily Hit is a recap of the top financial news stories for Tuesday, June 11, 2024. On the Site Connecticut governor halts social equity funds, orders review of cannabis council The review comes amid concerns over the council’s transparency and governance practices. Read more here. New York cannabis regulators …