New York Prepares Approves First Processor Licenses As It Prepares For Adult-Use Cannabis Sales
New York continues making progress in cannabis legalization. By green-lighting emergency lab testing regulations and opening the application process for testing facilities, the New York State Cannabis Control Board (CCB) recently moved closer to launching adult-use cannabis sales and opening adult-use stores in the state.
In accordance with the above, MMJ testing facilities are enabled to apply and test recreational cannabis products under the new rules. It also requires the establishment of a state reference laboratory for quality control.
Under the emergency regulations, laboratories must be ISO 17025 accredited and use third-party sampling companies to select samples for testing. The regulations, which take effect immediately, are similar to those proposed by the CCB on June 1.
The CCB announced that it will not accept public comments on the rules. However, it will consider comments submitted on the proposed rules in June and make changes accordingly.
New York state, which plans to launch the first legal sales of cannabis by the end of 2022, has indicated that understands that the key to achieving success is adding processors and laboratories to the cannabis supply chain.
New York Getting Excited
In addition, the CCB approved as its Director of Policy John Kagia, a leading voice in cannabis, who is known for creating innovative opportunities, and mitigating risks for consumers. “We are thrilled to work alongside him as we build a model cannabis market in New York,” the CCB tweeted.
Moreover, the CCB approved the first conditional processor licenses for adult use at a recent meeting, with fifteen (15) applications approved in total.
To be eligible to apply for a conditional adult-use processor license, a processor must:
- Have applied for a cannabinoid hemp processor license before Jan. 1, 2022;
- Hold an active cannabinoid hemp processor license issued by the Office of Cannabis Management; and
- Have an ownership interest of 51 percent or more of the applicant entity.
Recently, regulators approved 19 adult-use cannabis cultivation licenses. “242 New York farms are now licensed to grow adult-use cannabis in the Empire State,” reads CCB Tweet.
Starting on August 25, 2022, the NY Office of Cannabis Management announced that it will begin accepting applications for Conditional Adult-Use Retail Dispensary (CAURD) licenses. “I’m proud New York will be a national model for the safe, equitable, and inclusive industry we are now building,” Governor Hochul said.
“This announcement brings us to the precipice of legal, licensed cannabis sales in New York State (…) With the Seeding Opportunity Initiative, New York has affirmed our commitment to making sure the first sales are conducted by those harmed by prohibition,” said Tremaine Wright, chair of the Cannabis Control Board.
This article was originally published on Benzinga and appears here with permission.