New York Governor Hochul: Legal cannabis industry will create “thousands of jobs and new industries”

By Maureen Meehan

New York Governor Kathy Hochul (D) highlighted the cannabis industry’s potential to create thousands of jobs and industries, she said after clearing a major regulatory hurdle last week when she became the last two members of the five des State-appointed member of the Cannabis Control Board (CCB).

“We want to grow up or go home, and I want to help you get there. I need you to survive because you are the New York identity where people create jobs and opportunity. You are who we are as New Yorkers. Your success means the success of this entire state, “said the governor at the annual meeting of the New York State Economic Council on Friday, Marijuana Moment reported.

Photo by Spencer Platt / Getty Images

“So include me as an ally – someone who is there for you, who will fight for you to make sure we don’t lose competition, be it in the cannabis field, where I believe there are thousands and thousands of jobs and new ones To create industries that weren’t even in focus, ”continues Hochul.

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New York State’s seasonally adjusted unemployment rate fell from 7.6% in July to 7.4% in August 2021, according to a Labor Dept press release on September 21.

Pushing New York’s stalled cannabis program forward

“New York’s cannabis industry has stalled for far too long – I’m making important appointments to get the Office of Cannabis Management up and running so it can get started right away,” said Governor Hochul after the appointment of the CCB’s last two members.
“I had to take this opportunity that was stifled in the first five months [after legalization was signed into law] because a couple of appointments weren’t taken. Did that. “Höul added.

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Under the New York Legalization Act, the independent Office of Cannabis Management (OCM) was established within the New York State Liquor Authority and will be responsible for regulating the recreational cannabis market as well as the existing medical marijuana and hemp programs. The OCM, in turn, is overseen by the Cannabis Control Board.

This article originally appeared on Benzinga and was republished with permission.