By Jonathan Block, Seeking Alpha
The New York State Office of Cannabis Management (OCM) received 903 applications to operate adult-use marijuana dispensaries around the state.
For this initial round of applications, the state allowed only those who were previously harmed by the drug war to apply.
Up to 150 licenses will be granted by the OCM out of the 903 applications submitted. They will be the first dispensaries to open for adult sales, sometime in 2023.
New York will eventually expand the application pool to those without any ties to the drug war.
“Together, we look forward to building the nation’s most equitable and diverse cannabis market,” OCM said on Twitter.
Multi-state operators: Cresco Labs (OTCQX:CRLBF); Columbia Care (OTCQX:CCHWF); Trulieve Cannabis (OTCQX:TCNNF); Green Thumb Industries (OTCQX:GTBIF); Curaleaf Holdings (OTCPK:CURLF); MedMen Enterprises (OTCQB:MMNFF); Acreage Holdings (OTCQX:ACRHF); Ayr Wellness (OTCQX:AYRWF); Verano Holdings (OTCQX:VRNOF); and Jushi Holdings (OTCQX:JUSHF).
Cannabis-related ETFs: AdvisorShares Pure Cannabis ETF (YOLO), Amplify Seymour Cannabis ETF (CNBS), ETFMG Alternative Harvest ETF (NYSEARCA:MJ), AdvisorShares Pure US Cannabis ETF (MSOS), and Global X Cannabis ETF (POTX).
H/T: Seeking Alpha
