- The New York State Office of Cannabis Management (OCM) received 903 applications to operate adult-use marijuana dispensaries around the state.
- For this initial round of applications, the state allowed only those who were previously harmed by the drug war to apply.
- New York began accepting the applications back in August .
- Up to 150 licenses will be granted by the OCM out of the 903 applications submitted. They will be the first dispensaries to open for adult sales, sometime in 2023.
- New York will eventually expand the application pool to those without any ties to the drug war.
- "Together, we look forward to building the nation's most equitable and diverse cannabis market," OCM said on Twitter .
- 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 ( NYSEARCA: MJ ), AdvisorShares Pure US Cannabis ETF ( MSOS ), and Global X Cannabis ETF ( POTX ).
- New York approved the first 15 adult-use cannabis processor licenses in August .
For further details see:
New York receives more than 900 applications to operate adult-use marijuana dispensaries