New York’s Guidance For Dispensaries Includes Restrictions On MSOsNovember 1, 2022
Ahead of the rollout of recreational cannabis sales in New York state, regulators have released new guidance for dispensary operators. The guidance includes provisions that restrict vertically-integrated multi-state operators from opening dispensaries in the Empire State.
“Retail dispensaries, their true parties of interest, passive investors, and any management service providers cannot have any interest in any business anywhere that cultivates, processes, or distributes cannabis,” the new guidance states. “Applicants with an interest in such a business, no matter how small that interest is, will not be approved.”
New York’s Office of Cannabis Management adds, “this guidance document serves to provide the framework that will assist Conditional Adult-Use Retail Dispensary licensees plan for how to operate their dispensary before regulations are formally adopted,” and that the guidance is subject to change. While hurdles to the adult-use rollout remain and time is running short, regulators continue to assert that the state will debut 20 dispensary locations before the end of the year, with about 20 more coming online each month as we move into 2023.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.