On March 10, New York State\u2019s cannabis regulators filed proposed regulations for conditional adult-use retail dispensary regulations.\u00a0 The public will have 60 days to provide comment on the proposed regulations before the Cannabis Control Board votes on them.<\/p>\n
The proposed regulations place \u201cjustice-involved\u201d individuals \u2013 those who have been convicted for a marijuana-related offense and their family members \u2013 at the front of the line for retail dispensary applications.\u00a0 To assist those applicants, Gov. Kathy Hochul has proposed a $200 million budget that, if approved by the Legislature next month, would be used to help find, secure and renovate storefronts for the dispensaries.\u00a0 The state\u2019s goal is for the dispensaries operated by \u201cjustice-involved\u201d individuals to open by the end of 2022, with other dispensaries to follow in early 2023.\u00a0 New York\u2019s approach differs from other states that have legalized cannabis in that it is attempting to address head-on the struggles that social equity license applicants often face in raising capital and starting a business in a highly-regulated industry.\u00a0 Chris Alexander, the executive director of the state\u2019s Office of Cannabis Management, said he expects 100-200 licenses to go to \u201cjustice-involved\u201d individuals.<\/p>\n
Under the \u201cFarmers First Program,\u201d the application period for adult-use cultivator licenses will also open up on Tuesday, March 15 and end on June 30, 2022.\u00a0 Gov. Hochul signed legislation last month that created a new Adult-Use Conditional Cultivator License, authorizing eligible hemp growers to apply for a license to grow cannabis containing over 0.3% THC for the upcoming adult-use market.\u00a0 To be eligible to apply, the hemp grower must have been authorized to grow hemp under the Department of Agriculture and Markets Industrial Hemp Research Pilot Program and meet certain other requirements.\u00a0 These conditional licenses make it possible for farmers to grow cannabis in the 2022 growing season.<\/p>\n
With these moves, the Seeding Opportunity Initiative seeks to establish a supply chain from New York State farmers to social equity retailers.<\/p>\n
The general regulation package for cannabis licenses is expected to be released in May.<\/p>\n","protected":false},"excerpt":{"rendered":"
On March 10, New York State\u2019s cannabis regulators filed proposed regulations for conditional adult-use retail dispensary regulations.\u00a0 The public will have 60 days to provide comment on the proposed regulations before the Cannabis Control Board votes on them. The proposed regulations place \u201cjustice-involved\u201d individuals \u2013 those who have been convicted for a marijuana-related offense and … <\/p>\n