New York State to add $5 million to marijuana industry by 2020

New York State to add $5 million to marijuana industry by 2020

The New York City Department of Health is launching a statewide campaign to support the cannabis industry by offering a $5,000 grant to businesses that create new jobs.

Under the new initiative, the department will spend $2 million to create a $500,000 marijuana-focused employment program that will provide mentorship and support for entrepreneurs, trainings, and job placement opportunities for those interested in the industry.

New York State, home to nearly half the nation’s cannabis population, has been slow to legalize marijuana for recreational use, but the state has taken steps to legalize it for medicinal use and for research.

New York Governor Andrew Cuomo, a Democrat, signed a law in 2018 that legalized marijuana for medicinal purposes.

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