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New York: Companies Can Now Apply For Marijuana Licenses

Jacob Redmond

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Companies interested in running medical marijuana operations in New York have until May 29 to submit applications to the state Department of Health. Of course, this sounds all well and good however, it’s going to cost you. Applicants will have to plunk down a non-refundable $10,000 application fee along with the $200,000 registration fee to enter the program.

Luckily, the registration fee will be refunded to those who don’t make the cut. The few that do make the cut, will be expected to grow, manufacture, distribute and dispense marijuana for medical use.

The registration lasts for two years. After that, growers have to pay again, according to the New York State Department of Health.

According to Buffalo Business First:

Just five licenses are expected to be approved for registered organizations, with each permitted to operate up to four dispensing facilities statewide. State officials will limit the program to 20 dispensing facilities initially, with locations expected to geographically dispersed across New York.

Dr. Howard Zucker, acting commissioner for the DOH, said the application process represents an important step in implementing a medical marijuana program in New York.

“We have laid out an ambitious timeline in getting the program up and running and we are meeting our goals,” he said.

Zucker told Business First earlier this month the process has been on schedule, with the state taking its time to make sure the program fits the needs of New York’s 19 million residents.

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News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: Buffalo companies can now apply for marijuana licenses | Buffalo Sun Times
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