New York’s Cannabis Control Board Approves First Conditional Adult-Use Retail Dispensary Licenses

New York’s Cannabis Control Board Approves First Conditional Adult-Use Retail Dispensary Licenses
Cannabtimes

<![CDATA[New York’s Cannabis Control Board (CCB) took steps to jumpstart the state’s forthcoming adult-use cannabis industry at its Nov. 21 meeting, where regulators approved the first 36 Conditional Adult-Use Retail Dispensary (CAURD) licenses and voted to advance comprehensive regulations for the state’s adult-use cannabis program.The CCB approved 36 total retail licenses—28 for qualifying individuals and eight for nonprofits—from a pool of over 900 applications.At least one CAURD license was granted in each available region of the state, according to a CCB press release.A list of the 36 CAURD licensees can be found here.“Today is a monumental day for New York’s nascent cannabis industry,” CCB Chair Tremaine Wright said in a public statement. “With the first adult-use retail dispensary licenses in the hands of businesses and eligible nonprofits, we’ve ensured the first sales will be made at dispensaries operated by those impacted by the unjust enforcement of cannabis prohibition. This is just the start; we will continue to work to build an industry that is open to anyone who wants to participate. Many thanks to Gov. Kathy Hochul and her unwavering support as we all work to make sure New York has the most equitable and inclusive cannabis industry in the nation.”Regulators will ultimately issue up to 175 total retail licenses to as many as 150 individuals and 25 nonprofits. Then, moving forward, applications will be sent to the CCB for consideration on a rolling basis, according to the press release.RELATED: New York Announces Number of Conditional Adult-Use Dispensary Licenses, Separated by RegionThe issuance of these first CAURD licenses represents the completion of New York’s initial adult-use cannabis supply chain, as outlined in the Seeding Opportunity Initiative that Gov. Kathy Hochul introduced in March. The plan aims to prioritize those most impacted by the war on drugs in the adult-use licensing…

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