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Originally published by Capital Businessbusiness
March 26, 2026
2h ago
Is New York’s cannabis business really flying high?
But this new green rush is not as straightforward as it seems. Business owners say that public perceptions have been sullied by illegal operators, and that many above-board businesses are struggling – largely because of the incredibly complicated legal status of the US cannabis..
✨ Key Highlights
Despite cannabis being legal for recreational use for five years in New York, legitimate businesses are struggling due to a thriving grey market and complex federal laws.
- Over 2,000 active cannabis business licenses are currently active in New York, with nearly 5,000 applications pending.
- The issue involves business owners like Jayson Tantalo, vice president of operations for the New York Cannabis Retail Association, and Vlad Bautista, co-founder of Happy Munkey.
- Confusion stems from the industry's fragmented legal status, with cannabis remaining illegal under federal law and a patchwork of state-level regulations.
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