New York regulators on Thursday approved a second batch of applications for recreational marijuana cultivators as the state prepares for the launch of retail sales “later this year.” The Cannabis Control Board (CCB) granted an additional 36 cultivator licenses for existing hemp businesses as part of the state’s seeding opportunity initiative. The body approved the first 52 applications last month, and regulators will continue to review the bids on a rolling basis. NEW: The New York State Cannabis Control Board has approved 36 more adult-use cannabis cultivation licenses for farms across the state. NY’s family farmers are growing products to be sold THIS YEAR at retail dispensaries owned by NYers impacted by the criminalization of cannabis. — NYS Office of Cannabis Management (@nys_cannabis) On May 5, 2022, Gov. Kathy Hochul (D) signed a bill from Assembly Majority Leader Crystal Peoples-Stokes (D) and Sen. Michelle Hinchey (D) to create conditional licenses in February. The intent is to allow existing hemp operators to get a head start on growing marijuana to meet the demand for the forthcoming industry.
Kyle Jaeger, Marijuana Moment, 05/05/2022 14:19:00