In an ambitious move to make its new marijuana industry equitable, New York is proposing a $200 million fund to help entrepreneurs of color and some other groups get into the business. But officials haven’t yet nailed down some components that experts say are crucial to making the investment effective.
Gov. Kathy Hochul's proposal, unveiled last month, would be among the largest sums any state has committed to try to ensure diversity and social equity in the fast-growing legal pot business. The plan also is somewhat unusual for relying on money from private sources.
