I just purchased a new MacBook Pro with M-1 Chip and did Transfer Assistant for all my Applications. Trying to open Photoshop, but no go, spinning, spinning, spinning. Just signed into my account from the new computer... do I need to re-load the program? Can I keep it on both computers?
Try a fresh install of the applications using Creative Cloud Desktop app that might fix the issue. Adobe installers place files a lot many locations apart from the applications folder so if some of these files were not copied over to your new MAC then we might face issues, better to start with a fresh install on a new machine