New York City is set to launch a cannabis fund aimed at supporting minority entrepreneurs in the cannabis industry. This innovative program comes as part of the city’s broader efforts to address disparities and create opportunities for marginalised communities disproportionately impacted by past drug policies. The fund will specifically finance the establishment of a social equity dispensary, providing a platform for individuals from underserved backgrounds to engage in the burgeoning cannabis market and benefit from the economic potential associated with legal marijuana sales.

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