Union Square Travel Agency: A Cannabis Store is the newest state-licensed adult-use retail store to open under the state's social-equity program.
The name of New York state’s newest cannabis dispensary may inspire thoughts of mindful journeys guided by the state’s sun-grown cannabis products.
It’s also the latest example of how New York state is setting itself apart from other states by seeding its legal cannabis market with licenses awarded to nonprofit groups and social-equity entrepreneurs. When Coffie got out of jail decades ago, a charity called the Doe Fund set him up with a job and housing.
Hankin-Biggers noted that while progress has been made, 40,000 people remain in jail in the U.S. for cannabis-related crimes, and only a small percentage of legal dispensaries are currently owned by people of color. Other states have instead awarded social-equity licenses alongside licenses for larger, multistate operators, which then quickly crowd out the mom-and-pop businesses.
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