New York Expands Cannabis Licensing After Legal Delays And Tug Of War Between David And Goliath
Portfolio Pulse from Joana Scopel
The New York State Office of Cannabis Management (OCM) is expanding its licensing program for recreational marijuana, starting October 4. Businesses can apply for multiple cannabis-related licenses via the New York Business Express platform. The OCM has provisions for Social and Economic Equity applicants, who receive 50% off application and licensing fees. However, the entry of industry giants like Curaleaf Holdings Inc (OTCQX:CURLF) could threaten smaller businesses. The OCM board has also approved a cannabis research license application.
September 12, 2023 | 7:36 pm
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Curaleaf Holdings Inc could potentially dominate the New York cannabis market with the expansion of the licensing program, posing a threat to smaller businesses.
The expansion of the cannabis licensing program in New York provides an opportunity for Curaleaf Holdings to expand its market presence. However, this could lead to market domination, posing a threat to smaller businesses.
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