MJBizMag April 2022 - 28

INDUSTRY DEVELOPMENTS State by State
New York
The first round of 100 -200 recreational cannabis retail licenses will be
focused on applicants with marijuana-related convictions, state officials
said. Priority also will be provided to entrepreneurs with a parent, legal
guardian, child or spouse convicted of a marijuana-related offense.
Advocates said the plan illustrates the state's commitment to achieving its
social equity goals, which include providing 50% of adult-use licenses to
equity applicants. Additionally, New York is giving licensed hemp cultivators
an early opportunity to grow adult-use marijuana this spring to help supply
the planned recreational market. Gov. Kathy Hochul signed legislation that
sets up a first-of-its-kind " conditional adult-use cultivator " license aimed at
speeding marijuana to market when recreational sales launch. To be eligible
to grow marijuana under a conditional license, New Yorkers must:
* Have a hemp license from New York's Department of Agriculture and
Markets as of Dec. 31, 2021.
* Have grown and harvested hemp for at least two of the past four years.
* Have at least 51% ownership stake in a business licensed to grow hemp.
* Participate in an environmental sustainability program and a social
equity mentorship program.
The conditional licenses will expire by 2024, after which growers and
processors will need regular licenses from the state's Cannabis Control Board.
hc-companies.com/cannabis
HC growing containers are available in a
variety of volumes, processing plastics,
and thicknesses (round and square) to
suit your unique growing needs. Call or
visit our website for more information.
Round
Containers
from 1 to
65 gallons!
28 April 2022 | MJBizMagazine
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MJBizMag April 2022

Table of Contents for the Digital Edition of MJBizMag April 2022

MJBizMag April 2022 - 1
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MJBizMag April 2022 - 3
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