Cannabis Watch: New York’s new cannabis chief vows that half of legal licenses will go to social justice efforts

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New York State’s top cannabis regulator this week welcomed homespun entrepreneurs setting up shop in what could be one of the largest markets in the U.S., at an industry gathering aimed at ramping up the legal adult use marijuana business in the Empire State.

The idea of including people from African-American and Hispanic neighborhoods where most drug arrests took place remains prominent in the state, which could spawn a legal cannabis trade estimated at $3 billion or more.The Empire State continues to work to allocate half…