A ban on vertically integrated operations in New York is among the new guidance for adult-use marijuana retailers unveiled by state regulators.
The updates from the state’s Cannabis Control Board provide a framework for Conditional Adult-Use Retail Dispensary (CARD) licensees to follow.
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The new rules cover a wide range of requirements, from operational hours and advertising to employee training and inventory.
The updated rules offer a bit more clarity for operators as the market gets closer to launch.
The first 150 adult-use retail locations have been earmarked for social equity license holders.
Among the big takeaways, the 27-page guidelines effectively rule out vertical integration for retailers in what’s expected to be a robust marketplace.
“Retail dispensaries, their true parties of interest, passive investors, and any management service providers cannot have any interest in any business anywhere that cultivates, processes, or distributes cannabis,” according to stipulations.
Other noteworthy
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