There are high expectations for New York City's first licensed, recreational marijuana dispensary — slated to open in the East Village today at 4:20 PM — even as business appears to be thriving at several black market dispensaries.
that taxes from legal marijuana sales will generate $1.25 billion over the next six years. The tax dollars are supposed to go toward education, drug treatment, and a range of community services., but prices in the underground market can vary widely.
"Potrepreneurs" flock to Washington Square Park in New York last April to sell their marijuana-related wares and to celebrate 4-20, the unofficial cannabis holiday.“I prefer the local store to the dispensaries and all that,” said Zrayr, who works at a phone repair shop in the neighborhood and lives in Bensonhurst. “They give me discounts. I’m sticking with them.”
Many of the unlicensed shops that now line the city’s sidewalks popped up just in the past year and a half or so, after recreational marijuana use was legalized in March 2021. Seeing an opportunity, some bodegas and smoke shops that previously only sold paraphernalia started selling weed, too.Some purveyors say they are prepared for this so-called “gray market” stage of New York’s marijuana industry to be short-lived.
I think I’ve seen everything. I never saw anything [a weed shop] open so fast in my life. I think I saw a new one just the other day.The employee said the shop’s relationship with the police has been “pretty chill” thus far. But the mayor has also said he doesn’t want to incarcerate people over marijuana. When the crackdown was announced in mid-December, the mayor’s task force targeting illegal weed shops had inspected 53 stores, confiscated about $4 million worth of products, and issued 566 civil violations and criminal summonses.“I have parents complaining like crazy because either their kids are in there, which I know is true, or they're concerned about other kids being in there,” Brewer said.
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