Hochul pledges $200 million toward equity in marijuana industry

Jan. 14, 2021 - The 2021 legislation laying the groundwork for a marijuana marketplace in New York envisioned minority-owned businesses playing an integral role in the new economic opportunities, but that goal is going to take state investments that help level the playing field. Damian Fagon, a hemp farmer in the Hudson Valley, weighs in on the potential opportunities for "social equity applicants" that will be created with a $200 million investment proposed by Gov. Kathy Hochul.