New York to open social equity marijuana licensing window

NEW YORK

New York marijuana licensing — New York State’s Office of Cannabis Management has announced that it will be accepting the applications for Conditional Adult-Use Retail Dispensary, or CAURD, license. The online portal is going to be open on Thursday, August. 25, 2022, and will be closed on the 26 of Sept, said by the Office of Cannabis Management.

According to the Albany TV station WRGB, the state Office of Cannabis Management will take applications during this period for qualified social equity retailers only – identified by the New York regulators as the “Conditional Adult Use Retail Dispensary” permits – and not from the public.

Recreational Marijuana Sales in New York

State regulators have said repeatedly that the first recreational marijuana sales in the state of New York will be performed only by the social equity entrepreneurs – those who are impacted directly by the war on drugs – and the new licensing announcement is also part of the so-called “Seeding Opportunity Initiative,” WRGB reported.

“New York has affirmed our commitment to ensuring first sales are conducted by those harmed by prohibition,” said Tremaine Wright, the chair of New York Cannabis Control Board.

“We are writing a new playbook for what an equitable launch of a cannabis industry will look like and hope future states will follow our lead,”

To be able to apply, WRGB reported, applicants must have the following:

  • Marijuana-related arrest or conviction on their record – or a family member with such record – that pr-dates (March 2021).
  • Experience owning or operating a business.

But critics note that there is:

  • No chief equity officer in place.
  • No advisory board to give guidance on making the state’s recreational marijuana program to be more diverse.
  • There is also no detailed social and economic equity plan, as required by the adult-use law of last year.

The lack of progress on those fronts threaten the lofty social equity goals the state has set, industry experts say.

However, experts are more concerned about the lack of progress over certain elements of the New York’s social equity program and how this could affect the state’s equity goals and the market’s launch.

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