By Simon Malinowski
Well, the big Cannabis Control Board (CCB) meeting happened on May 11, 2023, and it was as action packed as advertised. There were rules and regulations, Conditional Adult-Use Retail Dispensary (CAURD) licenses issued, and heated exchanges between the regulators. Here are the key takeaways:
As expected, the Office of Cannabis Management (OCM) posted the revised adult-use rules and regulations on its website on May 10, 2023. We will follow up with a detailed breakdown of the changes, but here are some high level items:
OCM Chief of Staff Axel Bernabe reiterated that the OCM is targeting opening the application portal in the fall of 2023 (with the final adult-use rules and regulations approved in August of 2023). Mr. Bernabe’s statement was corroborated by a statement to amNewYork Metro from Trivette Knowles, a spokesperson from the OCM, who stated that the CCB “anticipates issuing general licenses at the beginning of next year (2024).”
The CCB issued another 50 CAURD licenses, with the total licenses issued to date reaching 215. We’ll cover it on a later post, but the new batch of CAURD licensees included applicants from the previously enjoined regions. It is clear that the CCB and OCM are pushing the applicants affected by the injunction.
OCM Chief Equity Officer Damian Fagon introduced the social and economic equity plan, although many specifics were not included (a source of much heated discussion during the meeting). A corresponding action plan for social equity license application assistance should be forthcoming.
All in all, this meeting delivered in that the revised rules and regulations were released, the application and licensure timelines were softly confirmed, we finally got to see a social and economic equity plan, and more CAURD licenses were issued. Stay tuned for our detailed breakdowns of the revised rules and regulations and summary of the new TPI rules!
Re-published with the permission of Harris Bricken and The Canna Law Blog
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