First Legal Cannabis Retail Licenses Hit New York’s Massive Market

In November, New York’s Office of Cannabis Management (OCM) announced 28 individual businesses and eight nonprofits that have been selected so far for the first round of retail licenses, known as Conditional Adult-Use Retail Dispensary (CAURD) licenses, being issued in New York State. Between them, the recipients represent a range of industries in their (required) business histories, as well as nonprofits with large presences and various organizational goals, across New York.

These first, mostly turnkey retail dispensaries, or ‘recreational’ stores (a term that differentiates them from medical-only dispensaries, which already serve registered cannabis patients in NYS), will enter a marketplace where variously brazen brick-and-mortar ‘clubs’ and storefronts, semi-secretly expanded tobacconists, and Weed World trucks have already been testing the waters of a decriminalized(-ish) New York alongside ‘legacy’ unregulated cannabis operators (a.k.a. ‘dealers,’ underground delivery services, and/or justice-impacted operators, depending who you ask).

– Read the entire article at Forbes.

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