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New York’s Cannabis Fund Became a Disaster. Its Managers Earned $1.7 Million Nonetheless. from THE CITY - All RSS feed.

New York’s Cannabis Fund Became a Disaster. Its Managers Earned $1.7 Million Nonetheless.

Cannabis social equity fund managers Lavetta Willis, left, Chris Webber and Bill Thompson attend the pre-opening press conference for a state-sanctioned cannabis store on Bleecker Street.

They haven’t come close to fulfilling Gov. Kathy Hochul’s goal of helping 150 people victimized by the state’s old, racially biased drug laws enter the legal cannabis business — and some they have assisted fear their dispensary dreams are collapsing. But the three managers of a public-private loan fund established to carry out the primary social […]

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