Right on legendary Broadway
First legal cannabis shop opened in New York City
New York is banking on the cannabis industry and is hoping for hundreds of millions of dollars in tax revenue. Now the first marijuana shop has opened its doors – in the heart of Manhattan.
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One of the first customers at the Broadway cannabis shop.
Bubatz on Broadway: In New York, legal marijuana has been sold for recreational purposes for the first time in the history of the US state since Thursday. A Manhattan store at 750 Broadway, operated by the non-profit organization Housing Works, opened its doors to the public at 4:20 p.m. (local time) – a nod to the number 420 (pronounced four-twenty), which has long been a code for cannabis -Consumption is.
Housing Works is operating the first of 36 retail licenses issued in the state to date. The organization mainly takes care of homeless, formerly imprisoned and people suffering from AIDS. The profits from the sale should flow back into this work.
The New York Parliament cleared the way for legally available cannabis in March 2021 after a long dispute and gave certain groups priority in the granting of licenses.
A new chapter in New York
According to the civil rights organization ACLU in 2019, black New Yorkers were arrested for weed 4.5 times more often than white New Yorkers, despite the same consumption.
New York City Mayor Eric Adams said in a statement Thursday it was “a new chapter for all those most harmed by past failed policies.” At the same time, non-licensed dealers are increasingly being phased out. A legal gray area emerged when the law was passed last year, and unregulated sales had increased sharply within a few months.
A lot of money is also at stake for New York: The state with a good 20 million inhabitants expects a multi-billion dollar cannabis industry and annual tax revenues of hundreds of millions of US dollars in the coming years. (SDA)