Top 5 Things To Know Before You Start
Our New York canna license consultants (with 20 years of USA canna experience and over a hundred applications since 2013) have an expert understanding of the new regulations. The application window will open on October 4 for 60 days. The fees for applications and licensing vary, ranging from $750 to $300,000, not including the unique cost for medical canna companies. Equity applicants will enjoy reduced fees and access to mentorship, training, and technical support through a network of support centers established by the state. New York has increased the number of available licenses. It is estimated that the state may require nearly 2,000 dispensaries to meet consumer demand alone. Although there isn’t a cap on the amount of adult-use canna licenses that can be given out, getting one in New York will still be difficult and competitive. Many applicants will not be granted a license. Success in the New York canna market requires more than just a legal awareness of the rules. Expert consultants are highly recommended for the application prep & submission process.
A staff with a broad understanding of how to assess your particular organization and provide sound counsel throughout the process is necessary to fully address the rules. This coaching frequently entails discovering weaknesses in your business plan or execution team and drawing on our extensive network across the nation to strengthen your team and give you the best chance of being granted a license. Social and economic equity applicants will receive preference in the OCM’s rolling scoring of the submissions. Click here to check out a wide range of helpful New York licensing articles.
Before receiving a complete license from the OCM, successful applicants for all license types will need to take care of the following operating plan requirements:
Starting in December, companies already licensed to provide medical canna can enter the adult-use, recreational market as retailers and wholesalers. Aside from microbusinesses, these licensed companies have the privilege of growing, manufacturing, and selling their canna products.
To make this transition, these companies must pay a special licensing fee of $20 million, which grants them the right to operate up to three adult-use dispensaries in locations where they already sell medical canna. Currently, there are over 300 cultivators and processors operating with conditional licenses. Those in good standing will have the opportunity to transition to a general (non-conditional) license. The canna industry has faced challenges due to a lack of funding and court-ordered freezes on licensing. This has resulted in a shortage of retail outlets, causing farmers and manufacturers to hold a substantial inventory of canna valued at approximately $6 billion this fall.
You’re not alone.
Canna has grown into a billion-dollar industry in the United States, and it’s only getting bigger.
But if you’re going to get in on the action, you’ll need your own New York canna license.
Getting that license is no small feat! It takes time and money—and there are no guarantees. That’s why we created a solution that’ll help put you in the best position to get licensed, and FASTER. With our help, you can get your New York canna license quicker and with less risk than ever before.
Starting a canna business is not cheap, Makeing sure you have the correct amount of capital for your business is crucial to not only survive in the marketplace but is also a factor that the state considers during the licensing process. If you do not have capital, not to worry, our Canna License Experts team can help you craft a business plan and investment pitch deck that can help you raise the capital you need.
Having real estate is a crucial part of receiving final licensure and getting your doors open. Understanding the viability of your real estate in relation to state and local zoning is extremely important. Now is the time to start researching property and making sure it is within their specific zoning areas.
The ability of your business to operate within a local jurisdiction is determined by your local municipality, it is necessary to understand where your business is going to be located and if that municipality allows canna businesses to operate in their city.
Local and State regulators want to make sure that the businesses operating in this highly regulated market are the best fit. Having the correct experience on your team will show your team’s ability to successfully operate this business type. Having someone on your team with canna experience will increase your chances as an applicant.
Understanding your team’s experience, capital restrictions and the competitive nature of each license type will allow you to make an informed decision on what licensed activities your business is best suited for.
We know what it takes for an application to be successful and how to best prepare for success. And with us by your side, we can make sure that your business plan covers all the bases from start to finish so that you can stay focused on what matters most: running your business!
New York’s canna industry is growing every day, and it's not just about getting your hands on a New York canna license. It's about making sure you're ready for the challenge of entering a new market, and we can help with that.
We know what it takes to get your application approved—we've helped so many others do it! And not only will our team make sure you have all the tools and resources you need to succeed in this industry, but we'll also do it faster than anyone else can.
We will help with every stage of the application process walking you through every step including;
Partnering with us will save you time and money. You can focus on running your business rather than spending hours on weeknights reading through state documents and trying to understand how everything works together.
You need to develop a business plan that will show investors that you're serious about this venture. When you partner with CLE, you are able to leverage our proven knowledge and best industry resources to provide you a complete Canna Business Solution.
You've been waiting for months to apply for a canna license. You've got the funding, you've got the experience, and now you just need to get your paperwork together. But that's not all—you need assistance from someone who knows what they're doing.
You need an operations manual so everyone on your team understands their roles and responsibilities. CLE will provide you with standard operating procedures (SOPs) to run your business effectively.
Copyright © 2021 CLE. All rights reserved.