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Happy weekend, everyone!
We had another busy week covering legislative, regulatory and business stories in New York’s cannabis industry. Let’s take a look at what we wrote about.
Reporter Wes Parnell contributed a story about several publicly backed funds meant to bolster mom and pop cannabis stores across the New York supply chain either failing to meet their goals or delaying getting off the ground.
In New York City, a $20 million fund run by the New York City Economic Development Corporation is behind on its target to disburse money by the first quarter of 2024. The state’s Dormitory Authority has only bankrolled a fraction of the 150 stores it planned to fund with a separate statewide pot of money. And the same agency has yet to dole out any microbusiness loans it promised would be available …