Governor Kathy Hochul announced today the opening of twelve new adult-use cannabis dispensaries, marking a significant milestone in the state’s commitment to fostering a representative and inclusive cannabis market. The expansion brings the total number of adult-use dispensaries in New York to at least 37 by the end of December, showcasing the state’s dedication to providing safer and licensed cannabis products to its residents.
Among the newly unveiled dispensaries, eight are majority Black-owned, five are Hispanic-owned, and nine are women-owned, highlighting New York’s pioneering efforts to create a diverse and inclusive industry. Recent industry research indicates that less than 0.2 percent of all national dispensaries are Black-owned, while New York boasts over 20 percent of adult-use dispensaries being majority Black-owned.
“As New York expands the most equitable cannabis market in the nation, my administration remains committed to building a safe industry for all New Yorkers that will grow our small business community,” Governor Hochul said. “These new dispensaries continue our mission of strengthening our legal market while at the same time helping to push out the bad actors who skirt our laws and undermine all we are trying to accomplish.”
Despite facing two court-ordered injunctions slowing down the rollout, New York State has persevered in its mission to promote social equity within the cannabis market. Governor Hochul’s legislation in May targeted unlicensed cannabis storefronts, leading to comprehensive enforcement measures by the Office of Cannabis Management and the Department of Taxation and Finance. Since June, officials have inspected 350 locations, resulting in the re-inspection of 88 sites and the seizure of over 11,000 pounds of illicit cannabis worth more than $54 million.
Here are the new dispensaries that are opening across the city:
The Bronx:
- Hush – 2460 Williamsbridge Rd Fl 1, Bronx 10469 (Opened on Thursday, Dec. 14, 2023)
Brooklyn:
- Grow Together – 2370 Coney Island Ave., Brooklyn 11223 (Opening Tuesday, Dec. 19, 2023) – First adult-use dispensary in Brooklyn, Black-Owned
Manhattan:
- Dagmar Cannabis – 412 W Broadway, NY 10012 (Opening on Friday, Dec 15, 2023) – First adult-use dispensary in SoHo, Woman-Owned
- THC Herbal Care – 1412 Lexington Ave., New York 10128 (Tentative opening, January 4, 2024) – First adult-use dispensary in Upper East Side
The diverse ownership of these dispensaries underlines New York’s commitment to social equity and inclusivity within the cannabis industry. Governor Hochul expressed optimism about the ongoing progress, emphasizing that New York’s entrepreneurs have overcome obstacles and are demonstrating the benefits of equity in this evolving sector. The Office of Cannabis Management and the Department of Taxation and Finance will continue their weekly inspections to ensure compliance across the state.
New York State Office of Cannabis Management Executive Director Chris Alexander said, “This is going to be a busy and exciting month for New York cannabis as over a dozen licensees finally get the chance to open their doors for business. What’s particularly heartening is not just seeing these stores open, but seeing who is operating them. Before the end of the year, we will have 12 Black-owned dispensaries operating and 5 Hispanic-Owned dispensaries. Considering the national landscape, where Black and brown ownership in cannabis is exceedingly rare, I am incredibly proud of this result. This isn’t just about numbers; it’s a clear indication of our dedication to creating a more equitable and inclusive cannabis industry.”
New York State Cannabis Control Board Chair Tremaine Wright said, “This month’s dispensary openings provide a reassuring boost to our commitment to build an equitable industry. New York State is home to the most diverse pool of dispensary owners. We congratulate all of our new owners and look forward to continuing our efforts to grow an inclusive and innovative cannabis market.”
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