November 21, 2022 – Steve Malito, Partner and Chair of the Cannabis Law practice announced today that the NYS Cannabis Control Board voted to file the Proposed Adult-Use Cannabis Regulations which outline the licensing process for adult-use cannabis businesses as well as approved the first 36 Conditional Adult-Use Retail Dispensary (CAURD) licenses.
More good news comes from Nick Terzulli, Of Counsel in the Cannabis, Corporate and Real Estate law practices, who also announced today that one of our clients was awarded one of these first licenses, further establishing DHCs commitment to the Cannabis market. The historic decision to approve the first round of CAURD licenses will go to 28 for business owners with a cannabis conviction (or a family member with a cannabis conviction) as well as eight approved for nonprofit organizations.
The NYS OCM shared that there will be a 60-day comment period before these Regulations will be voted on again and finalized.
Malito added that “we applaud the NYS Office of Cannabis Management for their hard work and getting licensing rolling in 2023″.
- To read the Proposed Resolution issuing certain conditional Adult-Use retail dispensary licenses, click here.
- To read the Cannabis Control Board Regulations and Permits for Packaging, Labeling, Marketing, Laboratories, Conditional Cultivators and Processors, click here.
The NYSCCB also approved Adult-Use program regulations that establish rules for a safer, equitable, consumer-driven market focused on small business. Regulations advance to 60-day public comment period.