ALBANY, N.Y. (WENY) – The New York Cannabis Control Board has approved 15 licenses for state businesses.
The licenses are part of the state’s seeding opportunity initiative in which business owners take marijuana grown by farmers and sell it at retail dispensaries.
To qualify, processors must hold a Cannabinoid Hemp Processor license issued by the state’s Office of Cannabis Management and have applied for the license prior to January 1st.
Processors must also participate in a mentorship program meant to provide pathways to industry and entrepreneurship opportunities for social equity applicants and participate in an environmental sustainability program.
The application opened back in June and will close August 31th.
Applications will be reviewed and approved on a rolling basis.