The New York Senate passed a bill Tuesday that would provide provisional marijuana cultivator and processor licenses to existing hemp businesses that take specific steps to promote equity in the emerging industry, Marijuana Moment reported.
The bill, sponsored by Sen. Michelle Hinchey (D), was approved in a 50-13 vote, and it seeks to speed up the process of starting New York’s adult-use market while supporting efforts to reach equity goals with respect to cannabis business participation.
