Hochul pledges $200 million toward equity in marijuana industry

Hochul pledges $200 million toward equity in marijuana industry

By Published On: January 14th, 2022Categories: Capitol Pressroom

Jan. 14, 2021 – The 2021 legislation laying the groundwork for a marijuana marketplace in New York envisioned minority-owned businesses playing an integral role in the new economic opportunities, but that goal is going to take state investments that help level the playing field. Damian Fagon, a hemp farmer in the Hudson Valley, weighs in on the potential opportunities for “social equity applicants” that will be created with a $200 million investment proposed by Gov. Kathy Hochul.

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