Cuomo Gone – Will It Speed Up Or Slow Down State’s Cannabis Reform


Well, as you may have guessed, some say it will others say not. MJ biz err on the side of caution and expect delays especially for smaller operators. That probably would have happened anyway! New York’s political crisis likely to delay adult-use marijuana rollout, hurt smaller entrepreneurs New York Gov. Andrew Cuomo’s announcement that he would resign from office amid sexual-harassment and assault allegations added fuel to the political crisis rocking the state and could further slow the rollout of the recreational marijuana program he signed into law. Any delays could hurt smaller operators in particular, including social equity applicants, who plan to apply for licenses to operate cultivation facilities, shops and other businesses in a market that is expected to exceed $2 billion in annual sales in a few years time. The turmoil engulfing the governor also could hold up appointments to the state’s new Cannabis Control Board.   Business Insider, to the other hand argue Cuomo’s resignation could speed up legal cannabis sales in New York New York Gov. Andrew Cuomo’s resignation may be beneficial for the state’s fledgling cannabis industry. His replacement, Lt. Gov. Kathy Hochul, could speed up the timeline for recreational marijuana sales. Here’s what analysts, executives and lawyers expect to happen next

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Source : Cuomo Gone – Will It Speed Up Or Slow Down State’s Cannabis Reform

reposted by Cannabis News World

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