New York Cannabis Business Opportunities
Start Preparing Your Cannabis License In New York
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How to Open Your New York Cannabis Business
In 2023, the Office of Cannabis Management (OCM) closed its largest, but not final, license portal window. When the portal closed on December 18th, the OCM received a whopping 6,900 licenses submitted, but for applicants and now for license holders, this is just the beginning.
You will need 3 things to open your doors:
- State regulation experts
- Operating experts
- Market development experts
Leverage the Power of Experienced New York Cannabis Consultants
Our winning team brings all of this expertise. We know what you’re up against and we know what it takes to get your doors open quickly after receiving a license. Canna Advisors already has successful cultivation, manufacturing and retail clients in New York. Our local, New York team is backed by our extensive team that has won licenses and helped build successful cannabis businesses in 39 states and internationally.
Join The Empire State of Cannabis
Contact our New York cannabis consultants today to discuss what you should be doing now to be properly positioned to open your doors as soon as your license is in-hand. Our New York-based team will be glad to meet with you at our office in NYC or any location in the state that is convenient for you.
Top New York Cannabis Consulting Services
How to Prepare to Open Your New York Cannabis Business
Secure Your Property as Soon as Possible
Now that the application window has closed, it's time for the real work to start. If you have yet to secure a property, that is your top priority as you wait to receive your license. Some applicants such as cultivators, select processors, and distributors were required to submit their application with proof of property either by lease or ownership. However, retailers, type three processors, and microbusiness were not required to show a property during submission, so competition could still be fierce in cannabis real estate. Property has become even more essential in light of recent litigation and various distance requirements at the state and local levels between cannabis businesses.
Your Standard Operating Procedures Plans Will Still be Required
Though this initial application seemed quite simple, it will only be enough to secure a initial licensure. In order to maintain your license, you will need to have extensive standard operating procedures, including training guides for employees.
How to Attract Investors Before Opening Your Doors
If you're a retailer with a property, now is the time to secure your finances and attract investors through business plans and financial models. Whether awaiting a license or actively setting up operations, the immediate focus should be on identifying and involving key individuals. This proactive approach becomes even more critical as it sets the stage for essential pre-operational tasks such as securing equipment, building a team, finding the right property, and business development.
Define Your True Parties of Interest
In addition to secure investors, hopeful operators must fill out a TPI Disclosure Form after submitting their application. All True Parties of Interest that were outlined in the original application should have received an email from the OCM notifying them of their participation in the application. It is paramount that all TPIs fill out these disclosure forms.
Rules, Regulations & Important Requirements for New York Adult-Use Cannabis Licenses
Licenses Available
As part of the 2023 licensing round, retail, microbusiness, cultivation, distributor, and processor licenses were made available with queues for November and December being accessible. While OCM has been slowly working through these queues and issuing licenses throughout 2024, there has been speculation that licenses awarded from this application window may be coming to a close as OCM weighs having a cap on licenses awarded.
But no need to fear, you can still apply TODAY for new Processor Type 3 Branding Licenses.
What does the Processor Type 3 license do? Per the OCM:
- The cannabis regulations state a processor may only enter into a branding or white labeling agreement with its True Parties of Interest (TPI), or another authorized licensee.
- The Processor Type 3 Branding license allows cannabis brands to pursue white-labeling agreements with duly licensed processors without becoming a TPI in another processor.
- The branding license type also captures ownership and TPI information for cannabis brands. With this disclosure, the Office can better regulate cannabis brand activity and the Cannabis Brand licensee must adhere to all regulations pertaining to undue influence and control, ownership limits and tier violations.
If you're interested in pursuing a Processor Type 3 license, don't hesitate to reach out to see if this is the right license for you and what you should be doing to prepare before submitting.
Our New York Consultants Are Planning Experts
Contact our winning license application team today to begin building all of your plans. You'll want to have your plans for operation and SOPs ready for as soon as you're approved for a license.
New York Adult-Use License Operational Requirements For All License Types
For both seasoned business owners and new cannabis entrepreneurs, there is a wide range of business license types available. Each type comes with its own unique risks and rewards, but our team is well-versed in helping you find a match based on your own experience and future goals.
New York Adult-Use Cultivation (Grower) Operator Applications
The regulations create Five (5) tiers of cultivation licenses for adult-use in New York. They are differentiated by light source with allowed square footage between 5,000 to 100,000 square feet.
Cultivation-Specific Requirements
In addition to the light and space differentiation, there are a handful of cultivation-specific requirements:
- Soil or growing medium preparation plan
- Pest management and control plan
- Emergency spill management procedures
New York Adult-Use Processing Operator Applications
The New York adult-use regulations create three (3) types of processing licenses that roughly break down by the level of manufacturing and capital involved for each type:
1) Minimal processing: Branding, packaging, and labeling
2) Blending and Infusing: Must have GMP (Good Manufacturing Practices) facility
3) Extraction: Also must have GMP facility
Processing-Specific Requirements
All of the items above will be required, plus these that are processing-specific:
- Extraction Process Overview: description of methods of extraction, including chemical solvents, other materials, and equipment
- Emergency Plan Overview: Listing of emergency spill management procedures and plans
New York Adult-Use Retail (Dispensary) Operator Applications
A standard New York retail cannabis license still has a handful of core requirements worth noting:
- A Listing of the current employee in charge and SOPs for their responsibilities
- Documentation demonstrating compliance with Section 123.10(f)(1)
- Procedures to remain compliant with local ordinances pertaining to odor, noise, outdoor lines, and max capacity
New York Delivery Operator Applications
The cannabis delivery license alone will not allow you to sell cannabis. Instead you'll want to couple this with a retail or microbusiness license. Delivery employees can deliver in a multitude of vehicles include bikes, scooters, and on foot, but the amount of cannabis allowed within the vehicle varies based on the type. Enclosed vehicles can carry up to $20,000 worth of cannabis while unenclosed vehicles may only carry $5,000 worth of cannabis.
Note: A Delivery Plan is required
New York On-Site Consumption Facility Operator Applications
Similar to the delivery license, the on-site consumption license will only be allowed to operate with a retail or microbusiness license and will need extensive planning for ventilation and odor mitigation.
New York Integrated Microbusiness Operator Applications
The regulations set the allowed canopy size at 3,500 square feet indoor or 10,000 square feet outdoor. The regulations also allow micro operations to have retail locations that are distinct from their cultivation and processing facility.
New York Cannabis Industry Projections
Registered medical marijuana patients (2019)
Spending Forecast
Compounded annual growth rate
Image Data Source: "The State of Legal Marijuana Markets" by Arcview Market Research / BDS Analytics, 7th Edition.
Get Your Cannabis Business License in New York
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