"This convening marked a crucial step in realizing one of the most important promises of cannabis legalization in New York-that the neighborhoods most damaged by prohibition would be the first to benefit from legalization's revenue streams. New York's adult-use cannabis market has already generated hundreds of millions in sales. By statute, 40% of the state's cannabis tax revenue flows into the Community Reinvestment Fund, which aims to channel resources into programs that directly uplift historically over-policed and underserved communities."
"And yet, as powerful as this milestone was, the September event underscored a shared belief among participants: this is just the beginning. In its first cycle, the fund awarded $5 million in grants to organizations focused on affordable housing, workforce development, youth services, mental health, and community empowerment. For many, this was a tangible sign that legalization is not just about opening dispensaries-it is about building opportunities in places where the war on drugs left lasting scars."
Community leaders, advocates, and organizers gathered at Restoration Plaza in Brooklyn on September 24 for Cannabis in the City: The BQE — Reinvesting Where NYC Was Harmed the Most. New York's adult-use cannabis market has generated hundreds of millions in sales. By statute, 40% of state cannabis tax revenue flows into the Community Reinvestment Fund to channel resources into historically over-policed and underserved communities. In its first cycle the fund awarded $5 million in grants for affordable housing, workforce development, youth services, mental health, and community empowerment. Leaders emphasized that reinvestment must center equity, transparency, and measurable community impact. Nikki Kateman stressed prioritizing programs with direct, measurable benefits, and Matthew Wilson provided a detailed walkthrough of how funds are being allocated to grassroots organizations.
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