New York officials announced on Friday that they’ve selected 10 teams of firms to build out about 150 turn-key storefront facilities for social equity marijuana retailers to operate out of once the market officially launches, which is expected before the end of the year.
This news comes days ahead of a scheduled meeting of the Cannabis Control Board (CCB), which is expected to approve initial social equity retailer licenses while separately advancing new regulations for the market on Monday.
But there’s already a hitch in the retailer rollout, with a federal judge issuing an injunction last week in response to a lawsuit that temporarily blocks regulators from approving Conditional Adult-Use Retail Dispensary (CAURD) licenses in certain regions of the state, like Central New York and Brooklyn.
The key to achieving New York’s equity goals is creating a sustainable, consumer-driven cannabis market.
Monday, 11/21 the CCB will consider regulations to:
🏗️Clarify market architecture
Authorize license activity
✅Establish enforcement rules & more
— NYS Office of Cannabis Management (@nys_cannabis) November 17, 2022
Regardless of how the legal case plays out, steps are being taken to get the state’s marijuana market online within weeks, and Friday’s announcement about the turn-key storefront development project is critical