New York regulators on Wednesday will launch an application window for several types of marijuana business licenses, with a priority on social and economic equity (SEE) applicants.
SEE applicants include those “from communities disproportionately impacted by the enforcement of past prohibition, minority- and women-owned businesses, distressed farmers, and service-disabled veterans,” according to the state’s Office of Cannabis Management (OCM).
ADVERTISEMENT
The OCM plans to issue as many as 1,500 licenses for cultivation, retail, processing and microbusinesses.
The vast majority – between 500 and 1,000 – are designated for retail dispensaries.
Here’s a breakdown on the approximate number of other licenses that will be issued:
Microbusiness: 220. Indoor Cultivation (Tier 1): 20. Indoor Cultivation (Tier 2): 20. Processor (Type 1: Extracting plus all activities of Types 2 and 3): 55. Processor (Type 2: Infusing and blending plus all activities of Type 3): 100. Processor (Type 3: Packaging,
Read full article on Marijuana Business Daily
