New York State cannabis applications will open to the public on October 4th and will be available for 60 days.
There are strict limitations on the number of licenses an individual can hold interest in, and holding interest in some license types restrict an individual from applying for another type of license. Read blog.
New York General Adult Use License Types:
- Adult-Use Nursery Licenses (outdoor, mixed light, and indoor)
- Adult-Use Cultivation (outdoor, mixed light, indoor, and combined)
- Adult-Use Cooperatives (Cultivation, Cultivation and Processing, Cultivation Processing and Distribution)
- Adult-Use Processors
- Adult-Use Distributors
- Adult-Use Microbusiness
- Adult-Use Retail
NY allows applicants to apply either with or without real estate. Applicants without a predetermined location seeking a license would be provided a provisional license after submitting initial information regarding their business and the applicant’s eligibility.
While provisional licensing does have the upside of lowered initial costs and commitments, applicants may lose out on desired locations due setback requirements between retailers. In larger jurisdictions with a population of more than 10,000 residents, dispensaries must be at least 1,000 feet from each other, and this distance is further increased to 2,000 feet.
Due to the risk of being buffered out of your desired area, we strongly recommend securing real estate as soon as possible.
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