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How the New York City metro area’s slow legal weed rollout created a boom in ‘gray’ market cannabis shops

The push for legal, recreational marijuana is sweeping across America. Delaware just became the 22nd state to legalize recreational cannabis — and four more states could join the party in the coming years.

In 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. In New York City, for example, the mayor’s office estimates the city is home to 1,400 illicit businesses selling marijuana without a license.

“Those legitimate businesses face stiff competition from shops that are not following the rules,” said Manhattan District Attorney Alvin Bragg during a Feb. 7 news conference. “It is time for the operation of unlicensed cannabis dispensaries to end.”

At the same time, state officials are trying to right the historical wrongs brought about by the decades-long “War on Drugs.” New York, Connecticut and New Jersey all have social equity components in their recreational marijuana programs, focusing on granting licenses to applicants with previous marijuana-related criminal convictions.

[Read more at CNBC]
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