The funding deal delivers on a pledge made by Hochul in March 2022 to provide conditional adult use retail dispensary (CAURD) licensees with shops as a major leg up on their new road to entrepreneurship. Those shops were to be largely paid for by the $200 million Seeding Opportunity Initiative, Hochul’s office said, and the plan was even written into the 2023 New York state budget.
“Today’s announcement reinforces New York’s commitment to building partnerships that benefit New Yorkers and setting right the wrongs of the past,” Hochul said in a press release. “I welcome Chicago Atlantic’s participation in this program and applaud their recognition of the value that New York’s cannabis program will provide to so many.”
Recent Comments