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New York regulators approved 68 adult-use cannabis licenses, but more than 3,000 applications filed a year ago are still pending.
That’s partially because regulators want to avoid flooding the market as state-regulated recreational cannabis sales approach the $1 billion mark, Felicia Reid, the Office of Cannabis Management’s acting executive director, told Spectrum News 1.
During Tuesday’s Cannabis Control Board (CCB) meeting, the last of the year, regulators issued:
2 cultivator licenses.
21 distributor licenses.
6 microbusiness licenses, which allow holders to cultivate, process and sell cannabis.
24 processor licenses.
15 retail licenses.
This item originally appeared on MJBizDaily. The rest of the story is available here.
“}]] New York regulators approved 68 adult-use cannabis licenses, but more than 3,000 applications filed a year ago are still pending. Read More
