After cannabis crackdown, landlords cope with padlocked stores
When New York enacted a law to create a legal cannabis industry, it took nearly two years to set it up. The first legit dispensary didn’t open until December 2022, and things continued to move like molasses. Aggressive entrepreneurs rushed into the void. Smoke shops popped up across New York City, with many of them selling cannabis illegally — confident that no one would stop them. For a while, no one did. After all, weed was legal, right? Cops turned their attention to more serious matters. But complaints poured in from elected officials and from investors trying to launch legal […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

David Zaslav seeks to buy Camp Mohawk for $68M

Bridges Development lands retail-office building in Brooklyn
for $31M

Jed Walentas, Tom Brady’s ex-manager abruptly settle legal
battle over Bahamas mansion

Arbor accused of dangling refinance before foreclosing on
Georgia apartments

Ralph Zucker’s luxury condo development in Asbury Park snags
$186M loan

How Much Does Natural Light Matter When Buying a
Home?

Major Homebuilders Have Not Sold Homes This Cheap in Nearly
a Decade—Here’s How Investors Can Take Advantage

You Won’t Believe Why Mortgage Rates Are Going Up
(Again)

NYC broker admits to pocketing $100K in rental
deposits


