A second recreational marijuana shop in New York City is about to open, almost two weeks after the first one opened there. Union Square will be the location this time. It will debut as the “Union Square Travel Agency” and be located in a former Chase Bank building close to the Union Square subway stop. On February 13th, it will hold a soft opening.
51 percent of the money raised will be donated to the Doe Fund, which helps underprivileged New Yorkers by giving them shelter, job training, and counseling. A 4,400-square-foot corner property at Broadway and Astor Place, once a Gap store, is now home to New York’s first legal recreational marijuana dispensary.
It was inaugurated on December 28. The long-awaited debut of the marijuana business, which has the potential to be one of the most lucrative in the nation, was celebrated by this event. It wasn’t immediately obvious what goods the Union Square store would offer for sale.
Customers can purchase a variety of goods at the Housing Works Cannabis Company, the city’s other dispensary, at prices ranging from $20 for an edibles container to between $40 and $95 for a “flower” or plant that can be rolled into a joint. Priced at $95 are also cannabis vape starter kits.
Housing Works, a minority-controlled nonprofit in Manhattan that aids those with HIV and AIDS, will be the first of 36 recently licensed dispensaries to start selling cannabis to the general public, according to Governor Kathy Hochul’s announcement on December 21.
This is despite the fact that dozens of illegal shops have been operating for many months. Approximately 900 candidates are waiting to hear the results of their applications, and the state expects to grant an additional 139 licenses in the upcoming months.
Applicants with prior Marijuana convictions, their relatives, and a few charitable organizations were given priority in the state’s first round of retail license allocation. It also proposed to create a $200 million public-private fund to support applicants for “social equity.” In March 2021, marijuana was made legal for recreational use in New York.