New York has established a $5 million grant program to support startup costs for adult-use cannabis social equity retail licensees in the state.
The grants, implemented by the Office of Cannabis Management (OCM) and Empire State Development, will fund $10,000 to $30,000 of initial costs for Conditional Adult-Use Retail Dispensary (CAURD) licenses, which are reserved for “justice-involved” individuals and nonprofits that meet certain criteria.
ADVERTISEMENT
To apply, CAURD license holders must submit:
Photo ID. CAURD license number and issuance date. OCM licensure notice. Eligible receipts. W-9 form.
Grants will be distributed on a first-come, first-served basis.
ADVERTISEMENT
CAURD holders have faced numerous challenges amid New York’s rocky adult-use rollout, including licensing issuance and processing delays,
Read full article on Marijuana Business Daily
