People with marijuana-related convictions will get dibs on the first 100 to 200 retail cannabis licenses awarded by the state in an effort to redress the inequities of a justice system that locked up a disproportionate number of people of color for drug crimes.
Navient, a major student loan servicing company, has settled allegations of abusive lending practices for $1.85 billion.
The plans were first reported by The New York Times. The regulations were posted on the state's website Wednesday. New York"is taking a big swing," said Kassandra Frederique, the executive director of the pro-legalization Drug Policy Alliance. The licensing plan follows other New York initiatives, such as a proposed $200 million startup grants and loans fund for marijuana entrepreneurs who are women or minorities, struggling farmers, disabled veterans and people from communities that endured heavy pot policing."It's really encouraging to see that New York is taking the lessons learned from other states," said Melissa Moore, another Drug Policy Alliance leader.
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