The New York Cannabis Control Board approved 19 adult-use cannabis conditional cultivator licenses on Wednesday.
The total number of approved conditional cultivator licenses in the state now stands at 242.
The new licensees include:
- POWER LINE THC
- Green Wells Venture LLC
- Growing Renaissance LLC
- Hiddenview Family Farm LLC
- New York Hemp LLC
- Full Spectrum Ag LLC
- County Line Ventures, LLC
- MegCare One, LLC
- Reef Crops, LLC
- Hemppire Farms LLC
- Forest Flower LLC
- Brian M Pawelski
- Keri R Kimball
- Tadt Services LLC
- Dew Good Industries LLC
- N&M Farms, LLC
- Descript LLC
- David H Smith
- Joseph Losicco
All of the approved licenses where selected from a pool of more than 300 applications submitted to the Office of Cannabis Management (OCM) following the March 15 opening of the online application portal.
The deadline to submit an application was June 30, 2022, and the OCM will continue to review and approve the valid applications submitted before the deadline.
The licenses show the state's further advancement of the Seeding Opportunity Initiative.
The Seeding Opportunity Initiative positions equity-entrepreneurs to be the first to make adult-use cannabis sales in New York with products grown by New York farmers.
Under the initiative, licenses would be awarded for conditional adult-use retail dispensaries to equity-entrepreneurs who must meet two prongs of eligibility to qualify. First, they must have a cannabis-related conviction that occurred prior to the passage of the Marihuana Regulation and Tax Act (MRTA) on March 31, 2021, or had a parent, guardian, child, spouse, or dependent with a pre-MRTA cannabis-related conviction in the State of New York. Second, they must also have experience owning and operating a successful business in the State of New York.
