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Ny's Marijuana Licenses To Be Handed Out Monday 

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New York Marijuana officials are projected to publicize the recipients of the initial recreational marijuana retail licenses on Monday. Certain parts of New York will be restricted to marijuana dispensaries for the time being. New York may have to hold off on releasing partially the 150 marijuana dispensary licenses elected for the first round.

 

The news comes from the recent actions of a federal judge who issued an injunction last week that momentarily blocked New York from approving retail licenses in certain parts of the state – including Brooklyn and the Mid-Hudson area surrounding Westchester and other counties just north of New York City. The order also applies to Central New York and Western New York, as well as the Finger Lakes. Other regions are not openly affected.

 

New York is only scheduled to issue 150 marijuana dispensary licenses in the first round — and 63 were elected for areas impacted by the order. The number of licenses to be handed to each area is based on the number of people who live and go back and forth there. Originally, Brooklyn was thought to have 19 marijuana dispensaries, which is the third highest after Manhattan and Long Island. 

 

The Cannabis Control Board meeting scheduled for Monday has not made any official statements about how many dispensary licenses will be issued — or where in New York they will be placed. There is uncertainty about if any applications that were slated for approval have been put on hold because of the order. This in effect creates a competitive situation due to caps being put on the state in various regions.


 
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