By Simon Malinowski, Attorney at Harris Bricken
On the morning of the Cannabis Control Board’s (CCB) June 23, 2022 meeting, the Office of Cannabis Management (OCM) uploaded the meeting agenda, which included this important tidbit: a resolution approving a conditional adult-use processor license and opening an application window for said license. This is obviously big news, in that it provides the link between the already issued conditional cannabis cultivation licenses and conditional retail dispensary licenses.
In introducing the conditional process license resolution, CCB Chairwoman Tremaine Wright dropped another huge piece of news: the OCM expects adult-use sales to begin through conditional retail dispensary licensees in the fall of 2022. Adult use cannabis sales taking place in just a few months seems exceedingly optimistic, given that: (i) no conditional retail dispensary licenses have been awarded, (ii) DASNY just announced a management team for the Social Equity Cannabis Investment Program (more on that later); (iii) design-build contractors who submitted bids based on the conditional retail dispensary RFP have not been selected; (iv) the conditional retail dispensary locations have not yet been lease (as per CCB member Adam Perry during the meeting); and (v) retail store buildouts typically take more than a few weeks (especially in New York City).
With that said, more licenses being issued is a great thing and keeps the ball moving. So without further ado, some info on:
A few other important announcements during the meeting:
All in all it was another productive meeting, but also another meeting without any announcement regarding the timing for the release for unconditional adult-use cannabis licenses. Stay tuned!
Re-published with the permission of Harris Bricken and The Canna Law Blog
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
Comment *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Δ
Japan’s cannabis market expanded sixfold over four years to ¥24 billion ($154 million) in 2023, a trend that is expected to accelerate with the amendment in December of cannabis laws,…
Los Angeles-based Ispire Technologies (NASDAQ: ISPR) is a three-year-old company built on the foundation (and reputation) of a global enterprise with many years of experience as an ODM (original design…
Sacramento is one of the best cities in the nation for cannabis fans, according to a new study. Real Estate Witch and Leafly, an online cannabis guide and marketplace, analyzed…
For the last two years, people have been able to stroll into New Jersey dispensaries to buy weed. But growing your own cannabis plant remains a third-degree felony. Despite a growing…