New York cannabis regulators could issue the first adult-use marijuana retail licenses as soon as Monday.
That’s when the state Cannabis Control Board will consider the first round of licensees, a spokesperson for the Office of Cannabis Management (OCM) confirmed to MJBizDaily on Friday.
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New York legalized adult-use cannabis in March 2021, but no retail licenses have yet been issued even as licensed cultivators’ stockpiles continue to swell.
The board could approve 10 or more licenses on Monday, according to the OCM.
The first 150 retail licenses will all go to qualified equity applicants who will operate “turnkey” stores leased and built out by the state.
Though no leases have yet been signed, “many of the elements are in place and are ready to move forward,” said Jeffrey Gordon, a spokesperson for the Dormitory Authority of the State of New York (DASNY).
The DASNY, which is
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