MSOS - NY to start accepting cannabis dispensary applications; only those with marijuana offense

• New York will begin accepting applications for operating adult-use cannabis dispensaries in two weeks, but only from those who have been impacted by a marijuana offense .
• The New York Office of Cannabis Management will only accept applications from "justice involved" individuals, which it defines as someone who was convicted of a marijuana-related offense prior to March 31, 2021, or someone whose parent, child or spouse was convicted. A dependent of a marijuana-convicted person also qualifies.
• To be granted a license, a business must meet other requirements. It must owned and controlled by a justice involved person who owned at 10% of another business for at least two years that made a profit.
• There are also qualifying non-profit criteria. In this area, at least 30% of the applicant is owned by a qualifying nonprofit organization that has a history of serving justice involved individuals and creating vocational opportunities for them.
• Multi-state operators: Cresco Labs ( OTCQX:CRLBF ); Columbia Care ( OTCQX:CCHWF ); Trulieve Cannabis ( OTCQX:TCNNF ); Green Thumb Industries ( OTCQX:GTBIF ); Curaleaf Holdings ( OTCPK:CURLF ); MedMen Enterprises ( OTCQB:MMNFF ); Acreage Holdings ( OTCQX:ACRHF ); Ayr Wellness ( OTCQX:AYRWF ); Verano Holdings ( OTCQX:VRNOF ); and Jushi Holdings ( OTCQX:JUSHF ).
• Cannabis-related ETFs: AdvisorShares Pure Cannabis ETF ( YOLO ), Amplify Seymour Cannabis ETF ( CNBS ), ETFMG Alternative Harvest ETF ( MJ ), AdvisorShares Pure US Cannabis ETF ( MSOS ), and Global X Cannabis ETF ( POTX ).
• Cantor Fitzgerald recently said it expects MSOs to post better than expected quarterly sales despite a potential margin decline .

For further details see: