What About Black Market Dispensaries
With marijuana becoming legal in more places than ever, people eager to get into the selling game will go to any stretch to sell their product, including illegal dispensaries. Some cities like Toronto, Canada, saw many of these open before weed became legal, and still has them opening regularly now that legalization is underway. New York, however, has not seen a follow in this trend.
It can also not be recommended as a viable option as trying to open a dispensary against the wishes of the law would lead to obvious legal troubles, and probably lose you your chance of ever opening a legal dispensary, even if the application process was to reopen. If youre thinking of pulling a fast one on the law, think again.
How Much Will It Cost To Get A Medical Marijuana Card In New York
There are two fees to get a medical marijuana card in New York. The first cost is to see a licensed practitioner to receive approval for medical certification. At HelloMD, our online Telehealth service, the cost is USD $129. HelloMD only charges your credit card if youre approved.
The second cost is a one-time USD $50 charge from the state of New York to register for your card.
New York Cannabis And Marijuana License
In some states of the USA cannabis and marijuana are fully illegal. Still, in other states, their use is legal. This article will discuss cannabis use in New York.
The use of cannabis in New York is legal for adults. The Marijuana Regulation and Taxation Act legalized marijuana use for adults over 21. New York State has legalized recreational marijuana quite recently . Anyway, it will take months for the residents of New York to get weed legally.
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How Big Is The Current Cannabis Market In New York
Cannabis use for medical purposes has been legal in New York since 2013.
According to the MRTA, the retail market along with its central regulatory authority, the Cannabis Control Board and Office of Cannabis Management, will most likely be set up by the end of 2021. Good chance to open a dispensary in New York.
This means retail sales could begin as early as spring 2022. According to most major predictors, the first years sales alone may deliver upwards of US$ 1 billion in sales. With the expected steady increase in sales, the numbers go up to US$ 4 billion.
According to the offices of the Governor of New York, they estimate to gain US$300 million in taxes from sales each year.
As far as products based on cannabis go, the New York market primarily has buds, oils, and tinctures. Out of these, buds form the biggest market share and are expected to grow the fastest after recreational cannabis legalization.
Now, depending on the state legislature related to smoking, particularly with connection to workplace regulations, there may be space for other cannabis products such as pills and edibles to enter the market. These already exist in the market to some degree, but their popularization will predicate heavily on the actual law passed by the NY State Assembly.
The New York Dispensary Blues
Its not easy to get a New York dispensary license, but if youre interested in trying then stay alert. Governor Cuomo and many other New York higher-ups want it legalized recreationally, and its only a matter of time until they finally find a way they can get this done and make the process easier. Until then, get your money in order and keep your eyes on that application window in case it opens up again crazier things have happened.
For more on cannabis and related topics, check out the rest of our blog. Contact uswith any comments, questions, or concerns. Wed be happy to hear them.
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Can I Grow Marijuana In New York
Growing your own cannabis will eventually be legal for both medical and recreational consumers, but its not yet allowed. Under the law, people with a medical marijuana prescription must wait at least six months after legalization to start growing cannabis. For recreational growers, growing your own will become legal 18 months after recreational dispensaries open their doors.
Eventually, any adult will be able to grow up to six plants in their home or 12 plants in a household with multiple adults. However, the marijuana you grow must be for personal use, as dispensaries are still the only businesses licensed to sell it. People who want to start a business growing marijuana in New York will need a commercial cannabis growing license. The state isnt issuing these yet, but they will likely do so around the same time they begin issuing licenses for dispensaries.
What Does An Adult
We will focus on the requirements that so far- have been established to get New York Cannabis retail licenses in the future so that any cannabis entrepreneurs can start preparing themselves for the venture.
Retail sale means to solicit or receive an order for, to keep or expose for sale, and to keep with intent to sell, made by any licensed person, whether principal, proprietor, agent, or employee, of any cannabis, cannabis product, cannabinoid hemp or hemp extract product to a cannabis consumer for any purpose other than resale.
Retailer means any person who sells at retail any cannabis product, the sale of which a license is required under the provisions of this chapter.
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How To Prepare Now
Get prepared IN ADVANCE for the states request for applications to open a licensed adult-use cannabis business in New York. The most immediate actions you can take now to increase your chances of winning a competitive cannabis business license are to begin putting together a business plan, get involved with or initiate advocacy efforts, and seek out local ancillary businesses to partner with, such as CPAs and law firms.
What Kind Of Licenses Will Be Available To Open A Dispensary In New York
If you want to start a cannabis business, then the first thing to do is to check if your city or town is going to allow for it. Next, you can go in for applying for a cannabis microbusiness license. Ideally, you should develop a full-scale plan with complete market research and a well-defined business cycle before looking into the licensing. Here is a list of licenses you can acquire:
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The Status Of Legal Cannabis In New York
Since March 31st, its been legal for people 21 and over to consume or possess cannabis in the state of New York. A person can smoke it, vape it, eat it, or otherwise consume it, and they can do so in any public space where tobacco smoking is allowed. You may carry up to three ounces of cannabis with you and store up to five pounds at your home. Its still not legal to sell cannabis in New York, and the only legal sellers will be state-licensed dispensaries, not scheduled to open their doors until sometime in 2022. Bringing cannabis in from another state is not legal, either, which means that New Yorkers still dont technically have a legal way to purchase cannabis.
Law enforcement will no longer be allowed to use the smell of marijuana as a pretext for stopping a car or searching someone. However, its illegal to drive under the influence of any form of cannabis or to have a cannabis product open in the passenger area of your car, and law enforcement can still use the smell of marijuana to establish suspicion of impaired driving.
How Does The Ny Medical Market Work
Back in 2015, New York States Department of Health began accepting applications for companies to obtain a license to cultivate, manufacture, and dispense cannabis products to registered medical patients. As previously mentioned, applicants were required to submit a non-refundable $10,000 deposit on top of a $200,000 fee if they are approved for the license.
The application window was extremely short and has remained closed since the end of 2015. The small number of organizations that did get licenses were able to manufacture and sell medical marijuana products in accordance with approval from the Department of Health.
For patient approval in the New York Medical market, you are required to be suffering from specific conditions that are certified by your healthcare practitioner. Once approved, patients receive their medical ID cards and are eligible to purchase from licensed dispensaries. Some of the qualifying conditions include HIV, Cancer, Parkinsons, Inflammatory Bowel Disease, Chronic Pain, Neuropathy, seizures, and plenty more.
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How To Get A Dispensary License In New York
In order to get a dispensary license in New York, you will need to meet certain requirements set forth by the state. First, you must be at least 21 years of age. You wlli also need to have a valid drivers license or government-issued ID.
Next, you will need to obtain a business license from the state. To do this, you will need to fill out an application and pay the required fees. Once you have been approved for a business license, you can then apply for a dispensary license.
The application process for a dispensary license is quite extensive and includes background checks and fingerprinting. You will also need to provide proof of your business premises and submit financial statements. Once you have completed the application process, you will then need to pay the required fees and await approval from the state.
If you are approved for a dispensary license, you will be required to comply with all state regulations regarding the sale of cannabis products. This includes keeping accurate records of all sales and ensuring that all products are properly labeled. You will also be required to pay taxes on all sales.
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Getting A New York Medical Marijuana Card Just Got Easy Heres How
This post is sponsored by NuggMD, where you can get a New York medical marijuana card online by speaking to a NY marijuana doctor today!
If youre a resident of New York, reading this article right now, chances are you already use cannabis. Chances would also suggest that youre using it illegally, at least according to federal and state law, and that youre here because youre interested in learning how you can become a legal, licensed and registered patient under New Yorks medical marijuana laws.
So, how DO you get your medical marijuana card and certification in New York? Is it a relatively easy process, or incredibly difficult? Truth is, it used to be pretty hard, but with the addition of chronic pain to the list of conditions that qualify you for a medical marijuana card in NY , things just got a whole lot easier.
In fact, click here to start your New York certification process 100% online with the nations leading telemedicine provider for cannabis evaluations. Theyve helped over 50,000 California patients, and now offer their service in New York!
After all, in 2014 the State of New York passed Assembly Bill 6357, which made medical marijuana legal in New York under a state-regulated medical marijuana program, so we KNOW its possible.
While the New York Medical Marijuana Program is stricter than others in the country, its available for patients with a variety of different conditions, and as of recently, those suffering from chronic pain .
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New Yorkers With Marijuana Convictions Will Get First Retail Licenses
Officials intend to reserve the first 100 or more retail licenses to sell marijuana in New York for people who have been convicted of related offenses, or their relatives.
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ALBANY, N.Y. New York State will soon announce plans to usher in its first outlets for retail sales of marijuana by the end of the year, giving applicants access to stockpiles of the drug grown by local farmers and offering sweeteners like new storefronts leased by the state.
The only catch? To be one of the states first licensed retailers, you or a member of your family must have been convicted of a marijuana-related offense.
The policy, to be announced by Gov. Kathy Hochul on Thursday, is part of a concerted push to assure that early business owners in the states projected billion-dollar marijuana industry will be members of communities that have been affected by the nations decades-long war on drugs.
In favoring those with marijuana convictions and prepping their businesses for turnkey sales, New York appears to be trying to avoid pitfalls encountered in some other states, which have seen designated social equity applicants and other mom-and-pop marijuana businesses struggle with issues like lack of capital or competition from deep-pocketed corporate operations.
But thats how it should be, she said.
How To Get Your Medical Card In New York
Once youre certified by our doctors, you will need to sign up with the New York State Health Department:
Patients can access the temporary card immediately after enrolling with the state, as long as the referral information matches what is in your DMV file. The plastic card will be mailed within 1-2 weeks.
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What Might New Yorks Cannabis Licensing Process Look Like
We can look at how other states regulate and issue cannabis licenses to find clues on how New York might craft its licensing process. California, which legalized recreational marijuana products in 2016, is a great example of how this might work.
California issues over ten different types of cannabis licenses. These licenses cover everything from dispensaries to growers to distributors to testing labs. The Bureau of Cannabis Control issues retailer and distributor licenses, while CalCannabis issues cultivator licenses. A third agency, the Manufactured Cannabis Safety Branch, issues licenses for businesses that make edibles and other derivative products. The licensing process varies by agency, but it always involves submitting an application packet that includes:
- Basic information about your business
- Detailed financial statements
- Safety and inventory control plans
- Criminal background checks and fingerprinting for both owners and employees
How Is Medical Marijuana Different Than Adult
With the new law set to take effect soon, it is only a matter of time before the cannabis industry develops into a multi-billion industry. Residents can take advantage of the various licenses set to be issued to growers and dispensary owners. Going by the stipulations in the new bill it is a very real prospect that New York could soon become a cannabis haven and there is no telling what new opportunities may crop up in the process.
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Medical Marijuana Program Applications
We expect the process to be quite similar to how New York medical marijuana program applications are handled. But only time will tell!
Heres some insight into how the Department accepts applications for registration as a registered organization:
Each applicant had to submit two fees with their application a non-refundable application fee of $10,000, and a registration fee of $200,000.
The $200,000 registration is refunded if the applicant isnt issued a registration. During the time the Department was evaluating and accepting completed applications, there was a deadline for submission.
The New York Code of Rules and Regulations and the Departments Medical Marijuana Program website showed the deadline for submission of questions pertaining to the application process. This deadline was May 21, 2015, and the deadline for Department receipt of applications was June 5, 2015.
We can expect something similar to be put in place for adult-use dispensary licenses. But time will tell what the state expects from applicants.
Opening A Cannabis Dispensary In New York
If you are planning to open a marijuana dispensary in the state of New York, you will need to obtain a retail license from the state. This license will allow you to sell cannabis products to customers who are 21 years of age or older. In order to be eligible for a dispensary license, you must have a physical location for your business and you must also meet all of the states requirements for marijuana businesses. Once you have obtained your license, you will be able to begin operating your dispensary.
New York will issue retail licenses to applicants, although we dont know the timeframe in which the application process is going to start, it is expected that licensed retail sales would start in 2022. First distribution licenses, cultivation licenses, and delivery services need to be figured out by the management board.
With the revenue generated by cannabis dispensaries in the billions of dollars and rising, these developments present a very lucrative opportunity. However, opening and running a dispensary is a challenging business venture:
- Opening a dispensary requires a lot of considerations, compliance with numerous regulations, and a significant amount of capital.
- Costs to open your doors could run from $500,000 upwards of millions depending on real estate costs and the size of the operation.
- Many cannabis dispensaries are selling millions of dollars of products a month
- Competition for new dispensaries tends to be fierce.
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