New York Approves First Recreational Marijuana Issuance Licenses – Commercial Observer

That The State of New York Cannabis Regulatory Authority has approved the first round of recreational dispensary licenses along with a set of regulations governing the sale of cannabis products, a key step in the long-delayed process for legal marijuana stores.

Eight of the 36 CAURD (Conditional Adult-Use Retail Dispensary) licenses awarded Monday went to nonprofit organizations, while the other 28 went to applicants who either had a marijuana conviction themselves or a family member who was affected by the war against was affected by the drugs. The permits mean that the state market should be legalized put into operation before the end of the yearreports NY1.

One of the terms of the license is that initial sales come from plants grown in New York, they said Office of Cannabis Management (OCM). Initially, 175 licenses will be issued in a first round. Thereafter, the applications are continuously reviewed by the state authority.

“With the first adult dispensary retail licenses in the hands of corporations and legitimate non-profit organizations, we have ensured that the first sales are made in pharmacies operated by those affected by the unfair enforcement of cannabis prohibition,” he said Tremaine Wrightchairman of Cannabis Regulatory Authority. “That’s just the beginning. We will continue to work to build an industry that is open to anyone who wants to get involved.”

Some of the regulations adopted in Monday’s vote concern the role of municipalities in regulating shop fronts; program provisions for social and economic justice; business operational needs such as records and transportation; and guidelines for the selection of applications and the renewal process according to the OCM. These will be deferred to a 60-day public comment period before final approval.

Many of the regulations come from the Marijuana Ordinance and Tax Act (MRTA), which was adopted in March 2021. The law requires ingredients to be listed on all products, mandates child-resistant packaging, bans advertising near schools, and bans promotional material containing words like “stone,” “chronic,” “weed,” “pot,” or ” sticky buds”.

The announcement that 36 new licenses have been granted comes almost a month after President Joe Biden issued 6,500 pardons to people convicted of marijuana possession under federal law, while black New Yorkers were 15 times more likely to be arrested for cannabis than their white counterparts and Hispanics were eight times more likely to be arrested.

More than a year and a half elapsed between the passage of the MRTA and the issuance of these licenses. In the meantime, Weed bodegas have popped up all over town Selling THC in their stores under a legal gray area.

But that didn’t stop that New York Police Department and the state at least tries to send a message to illegal sellers, In August alone, 19 cannabis trucks were seized across the five boroughs and received a series of shop windows injunctions from the OCM in July.

And it didn’t stop there.

In the third quarter of 2022, New York City recorded 42 arrests for unlawfully possessing or selling weed. The majority of those arrested were deficient and brown, with 18 belonging to the former and 16 to the latter, according to NYPD records.

Mark Hallum can be reached at [email protected].