NY Cannabis Control Board approves first conditional adult-use retail dispensary licenses – Troy Record

ALBANY, N.Y. — More than two dozen provisional licensees were approved Monday by the New York State Cannabis Control.

The Conditional Adult-Use Retail Dispensary (CAURD) license is a central pillar of the New York State Seeding Opportunity Initiative. Through the Initiative, New York’s first legal adult-use retail dispensaries will be operated by those most impacted by the enforcement of the prohibition of cannabis or nonprofit organizations whose services include support for the formerly incarcerated. These dispensaries will be making the first legal adult-use sales with cannabis products grown by New York Farmers.

The Office of Cannabis Management received more than 900 applications for CAURD licenses. At Monday’s meeting, the Board approved 36 provisional licensees, including 28 qualifying individuals and eight nonprofit CAURD applicants. At least one CAURD license was granted in each available region of the state.

As part of the Seeding Opportunity Initiative, individuals who are awarded CAURD licenses will receive support from the Social Equity Cannabis Investment Fund. Up to 175 licenses will be granted in total: as many as 150 to individual applicants and up to 25 to nonprofit applicants. Going forward, license applications will be sent to the Board for its consideration on a rolling basis.

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