New York’s Conditional Adult Use Processor License
- 2 years ago
The Office of #Cannabis Management (OCM) announced in a meeting a resolution approving a conditional #adult-use processor license and opening an application window for said license. This provides the link between the already issued conditional cannabis #cultivation licenses and conditional retail #dispensary licenses.
Additionally, in introducing the conditional process license resolution, CCB Chairwoman Tremaine Wright announced the OCM expects adult-use sales to begin through conditional retail dispensary licensees in the fall of 2022. Adult use cannabis sales taking place in just a few months seems exceedingly optimistic, given that no conditional retail dispensary licenses have been awarded and DAS-NY or the (Dormitory Authority of the State of #NewYork just declared a management team for the #Social #Equity Cannabis #Investment Program.
Furthermore, the OCM expects design-build contractors who submitted bids based on the conditional retail dispensary #RFP have not been selected and the conditional retail dispensary locations have leased. With that said, more licenses being issued is a great thing and keeps the ball moving.
The application window should be from #June 28, 2022 through #August 31, 2022.
Licenses will be limited to existing cannabinoid hemp processor licensees, who applied for such licenses before #January 1, 2022. Licensees will have the conditional license for 2 years, but will have the opportunity to transition to a non-conditional license, with 2 requirements:
Licensees must participate in a mentorship program for providing pathways for social equity participants; and Licensees must participate in an environmental sustainability program.
Additionally, in introducing the conditional process license resolution, CCB Chairwoman Tremaine Wright announced the OCM expects adult-use sales to begin through conditional retail dispensary licensees in the fall of 2022. Adult use cannabis sales taking place in just a few months seems exceedingly optimistic, given that no conditional retail dispensary licenses have been awarded and DAS-NY or the (Dormitory Authority of the State of #NewYork just declared a management team for the #Social #Equity Cannabis #Investment Program.
Furthermore, the OCM expects design-build contractors who submitted bids based on the conditional retail dispensary #RFP have not been selected and the conditional retail dispensary locations have leased. With that said, more licenses being issued is a great thing and keeps the ball moving.
The application window should be from #June 28, 2022 through #August 31, 2022.
Licenses will be limited to existing cannabinoid hemp processor licensees, who applied for such licenses before #January 1, 2022. Licensees will have the conditional license for 2 years, but will have the opportunity to transition to a non-conditional license, with 2 requirements:
Licensees must participate in a mentorship program for providing pathways for social equity participants; and Licensees must participate in an environmental sustainability program.