New York Eyes Marijuana Store Leases in Push for Social Equity

New York state is looking to help marijuana businesses secure leases for stores, part of its push to bring diversity to the legal cannabis market.

The Dormitory Authority of the State of New York, an agency that handles public finance and construction, is working with the real estate brokerage <-rte-company state="{"_id":"0000017f-8e89-d1d1-a7ff-fe8bcd8c0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">CBRE Group Inc. to identify as many as 150 sites for marijuana stores, including dozens in New York City, according to people familiar with the matter.

It’s part of a proposal to ensure that diverse business owners can get into the nascent marijuana business. Lawmakers in Albany are considering a budget ...