Officials from the state agency spearheading the industry’s set up briefed Schenectady City Council on Monday on the next steps to apply for a license, which will be delved into more at Wednesday’s stakeholders’ meeting. And judging from initial turnout, there is interest in opening such businesses in the Electric City.
State regulators in March authorized rules that would give business owners with documented marijuana offenses, including family members convicted of cannabis-related offenses, the first dibs on opening retail dispensaries through four-year conditional licenses.
Applicants must prove that they are successful business owners, which is determined by demonstrating the business had a net profit for at least two years. The rules, which are subject to a public comment period, also require showing that an applicant is “justice-involved.”
“There’s certain things you can be doing to position yourself when the applications come out,” said Philip Rumsey, manager of intergovernmental outreach for the Office of Cannabis Management. “It’s an opportunity for us to establish the relationship.”
The city opted-in to sale of cannabis last year, including on-site consumption lounges.
Rumsey was met with roughly a half-dozen prospective applicants who listened