The Workplace of Hashish Administration (OCM) offered an replace on when New York’s adult-use hashish market (in full) ought to begin accepting New York hashish license purposes: the center of 2023. As reported by NY Cannabis Insider, OCM Govt Director Chris Alexander responded to a query about rising and processing hashish and offered this licensing timeline:
Center of subsequent 12 months. You’ll see rules come out sooner – within the subsequent two months or so – however center of subsequent 12 months you’ll see these purposes open for cultivation, for processing, and to do the actions you simply laid out.
On one hand, Govt Director Alexander’s assertion marks a major shift in timing, in that Hashish Management Board (CCB) Chairwoman Tremaine Wright had beforehand introduced that guidelines and rules can be out by late winter/early spring of 2022 (which clearly didn’t occur) and that the complete adult-use market can be up and working (i.e. licenses being issued) by mid-2023.
Right here on the Canna Law Blog, we view Govt Director Alexander’s replace as a constructive one. For potential candidates, the crucial wait has been to see the adult-use guidelines and rules. All important planning, from financing to build-outs, is contingent on the precise guidelines that can govern New York’s authorized adult-use hashish trade.
Really having the ability to see the principles and rules within the subsequent two (or so) months will enable potential candidates to transition from hypothetical planning to tangible motion objects. The remainder of the OCM’s timeline then provides up: 60 days for public touch upon the proposed guidelines and rules, a evaluation and revision interval, closing guidelines and rules, and the opening of utility portals.
After all, now we simply hope that the OCM sticks to the roughly two-month timeline. As everybody following New York’s hashish trade is conscious, this could not be the primary time a timeline is introduced, solely to see the projected launch dates come and go with none new data.
Right here’s hoping that we see the proposed adult-use guidelines and rules in two or so months, after which carry on schedule from there. Keep tuned!