New York commits $35 million in cannabis revenue to community grants
October 28, 2026 3:42 AM / Staff Report New York has committed $35 million in legal cannabis revenue to a community reinvestment fund, with an initial $5 million awarded to 50 organizations serving communities affected by earlier drug laws. The state’s cannabis market update describes the grants alongside enforcement and business programs as regulated adult-use retail sales pass $4.1 billion since December 2022. The Community Grants Reinvestment Fund directs a portion of market revenue to communities disproportionately affected by previous state and federal drug policies. Its supported work spans youth development, job training, housing, mental health, harm reduction and other community needs. The first $5 million round is part of the $35 million commitment. The state describes the fund as a way to carry out the Cannabis Law’s community reinvestment provisions beyond the businesses that…