Marijuana License Requirements in NYC
NY opened the application for the license to operate a marijuana dispensary today.
Originally, when they were legalizing the sale of marijuana, they said that black and brown communities were going too be able to seek the license (because these communities were targeted with 3.5 times more arrests for marijuana than white communities).
Now they changed the requirements a bit:
1) You had to have a marijuana- related offense conviction prior to legalization OR you have a parent, spouse or child with a conviction prior to legalization. (LOL. Yes, Really)
2) Have experience owning or operating a qualifying business (which isn’t a bad idea, but this will eliminate a lot of people who didn’t have the money to be an entrepreneur.)
3) Each qualified person can only have an interest in up to three adult-use cannabis retail dispensaries
Apply for the license: http://cannabis.ny.gov/caurd
Application fee: The dispensary business license in New York costs $210,000. You get $200,000 of that refunded if your application is denied. You have to renew your license every two years. ($$$$)
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Hugs,
marlene
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