New York regulators accepted 68 adult-use hashish licenses, however greater than 3,000 functions filed a yr in the past are nonetheless pending.

That’s partially as a result of regulators need to keep away from flooding the market as state-regulated leisure hashish gross sales strategy the $1 billion mark, Felicia Reid, the Workplace of Hashish Administration’s appearing govt director, advised Spectrum Information 1.

Throughout Tuesday’s Hashish Management Board (CCB) assembly, the final of the yr, regulators issued:

• 2 cultivator licenses.
• 21 distributor licenses.
• 6 microbusiness licenses, which permit holders to domesticate, course of and promote hashish.
• 24 processor licenses.
• 15 retail licenses.

This merchandise initially appeared on MJBizDaily. The remainder of the story is obtainable right here.