In a significant push to expedite the establishment of its cannabis market, New York’s Cannabis Control Board approved 114 adult-use cannabis license applications, effectively doubling the state’s licensed dispensaries. This move, announced just ahead of the three-year anniversary of cannabis legalization in the state, marks a major milestone in overcoming previous rollout delays. Initially, the state had only 88 licensed dispensaries, with a mere two in the Finger Lakes area, falling short of Governor Kathy Hochul’s expectations for rapid market expansion.
Among the new licenses, the Finger Lakes region saw notable advancements with Organic Jade Growers in Livonia and Finger Lakes Hydro in Pittsford receiving microbusiness licenses. Additionally, retail licenses were granted to Misfits Dispensary and Roc Sole Sanctuary in the city, along with a dispensary license for Green Hut in Spencerport. This expansion not only boosts retail but also supports the local cannabis ecosystem, from cultivation to distribution, with businesses like Glenna’s CBD in Rochester and Great Lakes Canopy in Genesee County securing distributor licenses.
The Office of Cannabis Management (OCM)’s decision to waive cultivator fees underscores a commitment to fostering growth in the nascent industry. Despite challenges and criticism over the pace of rollout, including an audit called by Governor Hochul, the state’s cannabis sector is poised for growth, with officials expressing optimism for the future of legal cannabis in New York.
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