New York Marijuana Business Licensing Regulatory Framework Under Construction

With the passage of New York State Senate Bill S6579A, decriminalizing recreational cannabis use, and the Cannabis/Marijuana Regulation & Taxation Act, Bill S854A, which sets up initial regulations and taxation rules for marijuana products, New York state lawmakers have begun constructing a system by which marijuana businesses can become licensed to operate within the state. Regulators have been quoted estimating a timeline of 10 to 14 months for the final licensing system to be in place, meaning interested businesses may be able to apply and obtain licensure by spring 2022.

LicenseLogix will continue to monitor the development of cannabis business regulations in New York and all states to ensure the quickest and most accurate license filings in this burgeoning industry.