New York has legalized both the cannabis medical and adult-use industries. New York is still determining rules for the cannabis space.
- On-Site Consumption
In order to apply for a license in New York, here are the top items you want to complete to be successful starting your journey into the cannabis space:
- Decide what type of business (or businesses) you want to pursue cannabis business licenses for.
Review the list of license types available for application to determine what might be the best fit for you and your business aspirations.
- Assemble Your Team
The next step is to gather your team of experts. Having financial backing in the form of investors is crucial so that you are able to procure consultation services, a location, and other resources along the way. Don’t make the mistake of getting knee-deep in your plan and then running out of money to see it through. After you’ve made sure your funding is set, assemble your team of people you can trust. Specifically, you want people who have experience in the industry and who are well-informed so that you can highlight your team’s expertise in your application.
- Secure a Property
Prior to obtaining a license you will need to secure property that is zoned correctly and able to support the needs of a cannabis business. This can, at times, be the most challenging part of the process. Our team has worked with countless municipalities to assist our clients in obtaining compliant properties in correctly zoned areas.
- Draft Your Application
Application requirements vary between Standard Operating Procedures (SOPs) and narrative forms surrounding the expectations you have for your business. Either way, these need to be compliant with all state, local, and federal regulations. Ensuring that you are compliant is one of the most important steps in the application process. Canna Business Services has years of experience drafting award-winning applications for our clients in competitive states. Set up a meeting with us today to discuss how we can help you with your business.
Read more on our blog about how to take the first steps towards licensure.
In 2014, Governor Cuomo signed the Compassionate Care Act into law that legalized cannabis for medical use in New York state. After several years of various laws proposed between the legislature and the governor’s office, in 2021, New York legalized cannabis for adult-use under Marijuana Regulation and Taxation Act (MRTA). The Office of Cannabis Management oversees the development of rules and the licensing process in New York.
On February 22, 2022, Governor Kathy Hochul signed into law S.8084-A/A.9283-A, creating a new Adult-Use Conditional Cultivator license, authorizing eligible hemp growers to apply for a license to grow cannabis. Applicants must be currently authorized to grow hemp. The application window for the Adult-Use Conditional Cultivator License approved by the Cannabis Control Board is March 15, 2022 – June 30, 2022.
Read more about the cannabis market opening in New York on our blog.
We anticipate the rules in New York to be published soon and the licensing window to open not long after that!
Fully committed to the cannabis industry, Canna Business Services offers a unique and comprehensive vantage point. We are a woman-owned and largely women-operated company with 6 years of experience in the recreational and medical cannabis marketplace. Our team of consultants combines an impressive and varied background from education and engineering to law and keeps current with every trend and development in New York regulations.
New York Cannabis Business Consulting
The cannabis industry is especially involved. Very few fields are subjected to such microscopic scrutiny. Failure to comply can destroy your reputation and chance of success. Canna Business Services is your trusted resource and advocate. We work closely with you to understand your vision, develop customized strategies, and achieve your objectives. Our solutions are built around compliance and future-proof sustainability. We are well-versed in State and Local regulations.
Cannabis Business Marketing & Consulting Services
One of the biggest hurdles you’ll encounter as a New York cannabis business is navigating the strenuous regulatory requirements for licensing and operations. We at Canna Business Services specialize in the application process and have assisted hundreds of clients across the United States and Canada prepare and submit a perfectly crafted application. Consider our application templates for quick download and reach out to us at (888) 526-2088 for consultation and a complete range of expert services. Whether you’re just getting started or looking to expand an established business, Canna Business Services is an invaluable asset.