Why Weed Going Legal In NYC Caused A ‘Gray’ Market Boom
May 12, 2023
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10:34Now PlayingWhy Weed Going Legal In NYC Caused A ‘Gray’ Market Boom
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as posted by the channelIn the densely populated Tri-State area of New York, New Jersey and Connecticut, the rollout of legal weed has been called slow and cumbersome, allowing for the proliferation of "gray" market storefronts and businesses to sell marijuana without going through the regulatory process.
As the tri-state metro prioritizes the equitable upbringing of the cannabis industry via social equity applications, councils and funds, several hurdles to entry have limited the number of legal dispensaries able to open and begin business.
Correction: At 03:56, this video mischaracterized the status of New Jersey's home cultivation laws. Bill S353, which legalizes growing or possessing up to six marijuana plants for personal recreational use, is currently pending technical review. Current state law prohibits personal cultivation, and is punishable by 5 years in prison.
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Produced by: Christian Nunley
Edited by: Dennis Donovan
Graphics by: Alex Wood
Camera by: Christian Nunley, Brad Howard, Jeff Morganteen
Supervising Producer: Jeff Morganteen
Production Support: Stefan Sykes
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Why Weed Going Legal In NYC Caused A ‘Gray’ Market Boom
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