This Week’s Must-Be-Fake News 

New York is going to place convicted pot dealers at the front of the legal pot business line. According to the NYT, the state has set up a $200 million fund from which licensees will take out loans to start their cannabis stores. And the first 150 licenses will go to the enterprising criminals.

Chris Alexander, Executive Director of the New York State Office of Cannabis Management, did not explain how getting arrested for selling pot qualifies someone to run a pot-selling business. So, it will be interesting to see if this works. California instituted a similar program in 2019. It failed because the new entrepreneurs were unable to keep their businesses profitable. They ended up selling out to the big companies that run California’s legal pot businesses now.