The New York State Cannabis Control Board on Tuesday approved the highest number of licenses at a single meeting to date: 123 adult-use cannabis licenses across the cannabis supply chain, including microbusinesses, cultivators, processors, distributors, and adult-use retail dispensaries.
In collaboration with the Office of Cannabis Management, the CCB said its work helps pave the way for entrepreneurs and businesses to enter the growing cannabis market, driving economic growth and fostering industry innovation. To date, this is the largest license approval from the general application window.
The 123 licenses include:
Adult-Use Cultivator License: 19
Adult-Use Distributor License: 15
Adult-Use Microbusiness License: 24
Adult-Use Processor License: 39
Adult-Use Retail Dispensary License: 26
*50 out of the 123 are transitioning conditional cultivators or conditional processors.
Following Tuesday’s CCB meeting, the total number of adult-use dispensary licenses issued in 2024 will climb to 951, with 53 percent held by SEE licensees. After the Office recommended to the Board the 123 adult-use licenses to be awarded at today’s Board Meeting, it analyzed the composition across the supply chain. OCM is pleased to report that 65 (53 percent) of today’s licensees are social and economic equity (SEE) owned businesses, 35 (43 percent) are women-owned businesses and 22(36 percent) are minority-owned businesses.
There are currently 185 dispensaries open for business across the Empire State. A full list of New York’s licensed, operational adult-use cannabis retailers is available here.
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