New York Regulators to Open Application Process for Adult-Use Cannabis Processors

New York Regulators to Open Application Process for Adult-Use Cannabis Processors
Cannabtimes

<![CDATA[As New York regulators continue taking steps to launch the state’s adult-use cannabis market, the Cannabis Control Board on June 22 unanimously approved opening the application process for adult-use cannabis processors, according to a Buffalo News report.Those seeking a conditional adult-use cannabis processor license can apply starting June 28, and the application period will close Aug. 31, the news outlet reported.RELATED: New York Governor Announces Investment Team to Manage $200M Social Equity Cannabis FundQuestions on the processor application include inquiries about the manufacturing processes the applicant will use and what type of cannabis products the applicant intends to manufacture, according to Buffalo News.Applicants ultimately awarded processor licenses will be permitted to acquire plant material grown by state-approved cultivators to manufacture it into cannabis products with a THC concentration exceeding 0.3%, the news outlet reported.The temporary processor license will be valid until June 1, 2023.The Cannabis Control Board also issued 41 additional adult-use cannabis conditional cultivator licenses at its June 22 meeting, according to Buffalo News. The application window for cultivator licenses ends June 30, and the state has approved 203 of the more than 250 applications that have been submitted to date, according to Buffalo News.The New York Office of Cannabis Management has not yet issued any adult-use cannabis retail licenses, the news outlet reported; the Cannabis Control Board is still developing regulations for dispensaries and preparing for the application process, which is expected to launch this summer.RELATED: What To Expect With New York’s First 200 Adult-Use DispensariesThe first adult-use retail licenses will go to applicants with past cannabis-related convictions, and sales are expected to launch this fall.“The future is bright and we really do have a wonderful team pushing this forward,” Office of Cannabis Management Chair Tremaine Wright said at Wednesday’s meeting, according to Buffalo News.]]>

Excerpt only …
READ MORE BELOW
Source : New York Regulators to Open Application Process for Adult-Use Cannabis Processors

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.