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New York cannabis report reveals the latest license numbers and sales stats | Where to buy Skittles Moonrock online

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The newly released implementation reports also calls on regulators make changes to existing rules.

You can also find out more about the A-Team here. New Report The state cannabis regulators filed a report with the New York Legislature on Oct. 1. It paints a picture that shows a legal market that is growing and has reached sales of nearly $654 million. However, it also appears to have left more than 200 retail license holders who are “justice-involved”.

The Office of Cannabis Management, along with the Cannabis Control Board, produced the report. It covered a wide range of issues, including the ongoing enforcement of unlicensed businesses and the need for additional funding for social equity firms.

In an introduction to the OCM report, Acting Executive Director Felicia Reid wrote: “There is still much work to do. We remain unafraid of the task ahead.”

The numbers

OCM and CCB approved 1,704 permits for businesses, including full licenses, provisional permits and other types of permits. However, 5,698 applications are still pending. The report states that the regulators have officially denied 1,012 requests. In addition, there are 24 medical dispensaries operational, including 10 that are dual medical-recreational.

The total number fully approved licenses include 205 Conditional Retail Dispensary for Adult Use (CAURD), which were awarded to “justice involved” applicants who had criminal cannabis records last year. A total of 463 CAURD application had been tentatively accepted.

According to the report, only 150 of the 205 CAURDs were fully approved as of September 15. As of September 27, there were only 202 legal recreational cannabis shops in the state.

“OCM has scored and reviewed every CAURD submission received.” OCM is close to issuing a final determination on each initial CAURD request received,” stated the report.

Sources have previously said Green Market Report Many CAURD licensees are also CAURD-certified. Faced with serious difficulties Both raising money to acquire retail locations and finding sites that are compliant and not too close to existing licensed shops. The stores must be located at least 1,000 feet from their nearest legal competitor.

The report also noted the Cannabis Social Equity Investment Fund which was supposed to inject $200 Million into the dispensary building process on behalf CAURD licensees has only been used by 20 of the CAURDs.

The report found that the 10 companies licensed to sell medical marijuana have been slow to enter the recreational retail sector. Only four of these companies have opened dual medical-recreational cannabis dispensaries. According to the report, six of the companies have either not opened recreational sales, or not applied for permission.

The state calls licensed medical cannabis companies registered organizations (R.O.s) and refers to them as Curaleaf Pharmaceuticals, Etain Pharmaceuticals, and Fiorello Pharmaceuticals. Each of these companies has opened a maximum of three adult use shops, while PharmaCann only opened one.

The OCM is still moving to expand the number licensed medical marijuana companies. This means that more vertically integrated permits will be handed out in the near future.

The report noted that the application period for the R.O.s was from October to December of last year.

As more shops opened in New York City, the legal cannabis sales also increased. Crackdown On the unlicensed markets, August sales hit a new monthly record of $97.4 millions, up from the previous record in June, when sales reached $74.3million.

The report concluded that September sales had already reached $63.5 million.

Policy recommendations

The OCM also said that it is not content to rely on the current rules for the industry.

The report stated that “the MRTA will need to change over time to meet changing conditions and needs”, before launching into a series of pages of specific policy suggestions it made for lawmakers. “More will be needed to maintain and continue these progress.”

The laundry list of suggestions includes:

  • Reduce “regulatory costs for licensees” with a special callout to those who are involved in cultivation.
  • Expand the Compliance Trade Practices Unit in order to support enforcement efforts “specifically” around business structure rules. True parties of interest rules “and rules regarding undue control and influence between licensees at different levels of the market.”
  • Increase staff to monitor “licensees compliance with legal and regulation requirements.”
  • Offer “additional programming and support” for social equity, focusing on capital needs. The report calls on “low-interest loans or grants.”
  • Continue “collaborative effort with state and local partner to shut down unlicensed marijuana distribution channels.”
  • Expand enforcement efforts to “non-storefront Distributors” such as online Delivery Services.
  • Reevaluate the child-resistant packaging requirements in favor of environmentally sustainable practices.
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