New York's cannabis landscape is set for a significant transformation.
The New York State Office of Cannabis Management (OCM) announced that it is expanding its licensing program for recreational marijuana, after numerous delays that brought the entire process to a standstill.
“#NYcannabis is expanding. The #NYCCB [New York Cannabis Control Board] approved adult-use cannabis applications,” OCM's breaking news stated.
- Starting October 4, businesses will have the chance to apply for multiple cannabis-related licenses, including cultivator, processor, distributor, microbusiness, and retail dispensary licenses.
- These applications can be accessed via the New York Business Express (NYBE) platform.
BREAKING: #NYcannabis is expanding. The #NYCCB approved adult-use cannabis applications.
Starting October 4, applications for Cultivator, Processor, Distributor, Microbusiness and Retail Dispensary licenses will be available through the New York Business Express (NYBE) platform.
— NYS Office of Cannabis Management (@nys_cannabis) September 12, 2023
Equity In Focus
To foster inclusivity, the OCM has provisions for Social and Economic Equity (SEE) applicants.
Furthermore, social equity contenders receive 50% off application and licensing fees, complemented by technical support.
“Legal cannabis businesses …