New York To Add 212 Retail Cannabis Licenses, Industry Insider's Stinging Response 'Slow Rollout Wasted Millions'
Portfolio Pulse from Maureen Meehan
The New York State Cannabis Control Board (NYCCB) has decided to add 212 additional retail dispensary licenses, bringing the total to 463. The move is part of the state's delayed rollout of legal cannabis. Jason Wild, executive chairman of Terrascend Corp (OTC: TRSSF), criticized the slow rollout, suggesting that the state lost out on millions in tax revenue and hurt stakeholders.
July 19, 2023 | 6:34 pm
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Terrascend Corp's executive chairman criticized the slow rollout of cannabis licenses in New York, suggesting potential negative impacts on the company and the industry.
The slow rollout of cannabis licenses in New York could potentially impact Terrascend Corp negatively. The company's executive chairman's criticism suggests dissatisfaction with the regulatory environment, which could affect the company's operations and profitability.
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