New York Governor Announces ‘Seeding Opportunity Initiative’ to Promote Social Equity in State’s Adult-Use Cannabis Market

New York Governor Announces ‘Seeding Opportunity Initiative’ to Promote Social Equity in State’s Adult-Use Cannabis Market
Cannabtimes

<![CDATA[New York grabbed national headlines when state officials announced March 9 that they will issue the state’s first adult-use cannabis dispensary licenses to applicants with cannabis-related convictions.The following day, Gov. Kathy Hochul provided more details on the state’s plans to prioritize those most impacted by the war on drugs in the adult-use cannabis licensing process.In a March 10 announcement, Hochul unveiled the “Seeding Opportunity Initiative,” which aims to “position individuals with prior cannabis-related criminal offenses to make the first adult-use cannabis sales with products grown by New York farmers,” according to a press release from her office.The plan will allow the state to launch adult-use sales before the end of the year, the press release said, while ensuring support for social equity applicants and investing in the communities most disproportionately impacted by the enforcement of cannabis prohibition.“New York State is making history, launching a first-of-its-kind approach to the cannabis industry that takes a major step forward in righting the wrongs of the past,” Hochul said in a public statement. “The regulations advanced by the Cannabis Control Board today will prioritize local farmers and entrepreneurs, creating jobs and opportunity for communities that have been left out and left behind. I’m proud New York will be a national model for the safe, equitable and inclusive industry we are now building.”The state’s Cannabis Control Board (CCB) advanced two key components of the just-announced Seeding Opportunity Initiative at its March 10 meeting, according to the press release.First, the board submitted its proposed regulations for Conditional Adult-Use Retail Dispensary licenses for public comment. As part of New York’s Seeding Opportunity Initiative, this classification of retail licenses must be granted to social equity applicants who have prior cannabis-related criminal offenses and who also have a background in owning and operating a small business.These licensees will be…

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Source : New York Governor Announces ‘Seeding Opportunity Initiative’ to Promote Social Equity in State’s Adult-Use Cannabis Market

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