---
title: Your Top 5 News Stories - November 2, 2021
description: As Cannabis Legalization Expands, the Tech Firms Fueling Its Sales Are Exploding in Value, No recreational cannabis business permits until 2023, NY regulator says, and more!
---

[New Frontier Data - Cannabis Insight Daily](https://blog.newfrontierdata.com)

# [Your Top 5 News Stories - November 2, 2021](https://blog.newfrontierdata.com/in-sight-daily-11-02-21)

 Written by [New Frontier Data](https://blog.newfrontierdata.com/author/new-frontier-data) | Nov 2, 2021 6:07:04 PM

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| <https://www.adweek.com/commerce/as-cannabis-legalization-expands-the-tech-firms-fueling-its-sales-are-exploding-in-value/>   | **[As Cannabis Legalization Expands, the Tech Firms Fueling Its Sales Are Exploding in Value](https://www.adweek.com/commerce/as-cannabis-legalization-expands-the-tech-firms-fueling-its-sales-are-exploding-in-value/)** Celebrity brands and novel products aside, cannatech firms are vital for dispensaries to streamline business and attract and keep consumers.  |
| --- | --- |

| <https://mjbizdaily.com/no-new-york-recreational-cannabis-business-permits-until-2023-regulator-predicts/>   | [**No recreational cannabis business permits until 2023, NY regulator says**](https://mjbizdaily.com/no-new-york-recreational-cannabis-business-permits-until-2023-regulator-predicts/) New York’s legalized recreational cannabis market will not launch for another 18 months as regulations are finalized, according to the state’s top regulator.  |
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| <https://news.bloomberglaw.com/tax-insights-and-commentary/lets-get-digital-a-marriage-of-cannabis-and-crypto>   | [**Let’s Get Digital: A Marriage of Cannabis and Crypto**](https://news.bloomberglaw.com/tax-insights-and-commentary/lets-get-digital-a-marriage-of-cannabis-and-crypto) As legal cannabis and cryptocurrency occupy some gray areas, their global markets are worth over $24 billion and $2 trillion respectively.  |
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<https://newfrontierdata.com/nxteck/>

| <https://www.capecodtimes.com/story/business/2021/11/02/pot-shops-billion-dollar-massachusetts-market-cannabis-industry-face-hurdles-cape-cod-retail-medical/6233346001/>   | [**Massachusetts pot shops are a billion-dollar market, but cannabis industry still faces hurdles**](https://www.capecodtimes.com/story/business/2021/11/02/pot-shops-billion-dollar-massachusetts-market-cannabis-industry-face-hurdles-cape-cod-retail-medical/6233346001/) One major setback during the pandemic was when the governor closed cannabis retailers for being non-essential as liquor stores stayed open.  |
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| <https://www.theguardian.com/us-news/2021/nov/02/california-legal-weed-cannabis-industry-economy>   | [**California legalized weed five years ago. Why is the illicit market still thriving?**](https://www.theguardian.com/us-news/2021/nov/02/california-legal-weed-cannabis-industry-economy) As many locales ban legal cannabis, operators cite high taxes, limited licensing, and high regulatory costs for limiting their potential.  |
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