by Marc Brandl

New York State regulators announced they will begin accepting applications for the state’s first adult-use retail licenses on August 25th.  The initial licenses are reserved for people negatively impacted by the War on Drugs.  

Applicants will have to act quickly, as the window for applying ends on September 26th.

These are the first retail licenses awarded since New York legalized adult use cannabis sales in March 2021.  We are confident the Empire Stateand all the swagger it brings will swiftly become a multi-billion-dollar global cannabis leader shortly after the start of legal cannabis sale, as MJBizDaily projects New York to quickly surpass $2.2 Billion in sales by 2026.

These first retail licenses require all applicants to have:

 
The application will be available online at the New York State Business Express website. The Office of Cannabis Management encourages prospective applicants to begin compiling the required documents before the online application portal opens.

Do you have a dream to build a successful cannabis business in New York?  Arcview Consulting can help.  

It all starts with getting a license.  Arcview Consulting has worked with a diverse range of successful cannabis license seekers coast-to-coast, from California to Connecticut, ranging from social equity applicants to multi-state operators.  We work with you through every step of the application process – crafting the SOPs, developing a business plan and go-to-market strategy, fundraising, M&A and valuations.

Even if you don’t qualify for this type of retail license, more rounds of New York cannabis license application windows will be opening up in the coming months, but you will need to start preparing  today.  These licenses are highly sought after, with potentially thousands of applicants.  Arcview’s deep knowledge of the space, professionalism and quick turn-around time can make the difference for getting in on the ground floor of this billion-dollar opportunity.  

Contact us today to discuss your cannabis business goals for New York and beyond.  Contact our Managing Director of Business Development Sarah Falvo [email protected] to schedule a call.