 New York state cannabis regulators have set a limit cap of 150 retail cannabis permits, with social equity applicants getting first priority.
The state’s Office of Cannabis Management (OCM) began accepting applications yesterday for the first set of retail licenses. Restrictions have been placed on regions based on their population. The first 90 retail licenses are expected to go to New York City, distributed throughout the boroughs. And the remainder of the 150 will be granted throughout the rest of the state. Adult-use sales are expected to begin in New York before the end of the year or in early 2023. Comments are closed.
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