The possibilities of being one of New York’s first adult-use cannabis retail operators attracted the likes of 903 applicants seeking to enter the forthcoming market, the state’s Office of Cannabis Management (OCM) announced Sept. 28.
The conditional adult-use retail dispensary (CAURD) licenses will “create countless opportunities for our communities and future,” OCM posted on social media Wednesday.
The 903 applications were submitted during a one-time, one-month window that closed Sept. 26, with OCM officials planning to approve up to 150 CAURD licenses they plan to distribute to 14 regions throughout the state. The number of licenses in each region is based on population.
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The CAURD licenses are reserved for businesses owned by justice-involved individuals “at the bedrock of New York’s adult-use cannabis market,” according to OCM. Specifically, applications were limited to those criminalized under prohibition or those who have a direct family member convicted of a cannabis-related offense prior to March 31, 2021 (the date former Gov. Andrew Cuomo signed the Marijuana Regulation and Taxation Act into law).
OCM officials are also limiting CAURD licenses to those who have experience owning and operating