New York’s Workplace of Hashish Administration (OCM) offered an replace on the timing of adult-use gross sales: nonetheless in 2022! As reported by Spectrum News 1, on Friday, October 7, 2022, OCM Govt Director Chris Alexander introduced that: (i) conditional cultivator licensees’ crops will probably be prepared on the market by yr finish; and (ii) dispensaries will probably be open in 2022. The article additionally famous that New York State Governor Kathy Hochul introduced that the 2022 timeline stays on observe, with “20 dispensaries coming on-line monthly after the preliminary launch.”
Regardless of the OCM’s optimism in commencing gross sales, the article dropped one other nugget that raises questions concerning the timeline: “The state Dormitory Authority continues to go to places and negotiate with landlords about potential retail house.” OCM Govt Director Alexander is quoted as including that “We will’t be extra particular than that. It will likely be a rolling wave, although. We’ll have them preserve coming on-line as they proceed to be secured and constructed out.”
Studying between the traces, the OCM’s feedback point out that the Dormitory Authority (DASNY) has not but secured any Conditional Grownup-Use Retail Dispensary (CAURD) places but. We need to leap on the optimism bandwagon, however acquiring the design plans, permits, supplies and truly constructing out retail places in lower than 3 months looks like a tall order, extra so if the leases haven’t been signed but.
With the CAURD software portal closed (903 applications!) and some week break in Hashish Management Board conferences, we count on to see developments over the following few weeks, particularly provided that OCM Director Chris Alexander indicated that adult-use guidelines and laws must be popping out this month (or subsequent). However for now, we’ll simply should hope that New York’s timeline for commencing adult-use gross sales matches its optimism. Keep tuned!