Friday marked a significant milestone for the Cannabis Control Board of New York State. For the first time in history, they have granted permanent non-conditional licenses, propelling the industry into a new era.
A total of 38 licenses were issued for retail dispensaries, while 26 were given to “microbusinesses”. The remaining licenses were distributed among entities involved in cultivation, distribution, and processing of cannabis.
Moreover, the control board has also green-lighted regulations for home-grown cannabis.
Under these new rules, New Yorkers aged 21 and above will have the liberty to cultivate up to six cannabis plants at home. This includes three mature and three immature plants. However, the limit per household is capped at 12 plants, comprising six mature and six immature ones. In terms of yield, you can have up to five pounds of cannabis flower from home-grown plants or an equivalent weight in cannabis concentrate.
These newly approved regulations will be open to public commentary and are expected to be implemented within the next 60 days.
Joe Schafer, a legal expert at Lippes Mathias LLP and co-head of its cannabis practice team, was a guest on 7 Voices on Friday. He offered valuable insights into the implications of these numbers and new rules.
Agree – Great news for the state and its economy. #progress #marijuanaindustry
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