New York Cannabis: License Number Estimates

02 Oct New York Cannabis: License Number Estimates

During New York’s Cannabis Advisory Board’s meeting on September 26, 2023, the Office of Cannabis Management’s (OCM) Executive Director Christopher Alexander revealed that the OCM anticipated issuing “over a thousand, closer to 1,500 licenses” as part of the initial licensing window that is currently scheduled to open on October 4, 2023. As referenced in this comprehensive summary from John Schoyer of the Green Market Report, the OCM had previously disclosed that the OCM ultimately envisions a market with at least 2,000 retailers and 800 growers.

Executive Director Alexander’s announcement did not provide any insight into how the OCM plans on allocating licenses among the license types that will be available during the initial application window. Nor did it indicate whether there will be any sort of geographic allocations in the same way that the Conditional Adult-Use Retail Dispensary licenses were limited by region.

From an application perspective, it is most interesting (or, more appropriately, alarming), that the OCM’s announcement reiterated the October 4, 2023 application opening date. Although Executive Director Alexander stated that there will be a guidance document published in the coming days, no such guidance document has been published to date. It is difficult to comprehend the doubling down of an application start date with so much in the air and so little time, but, well, here we are.

As we openly begged in our recent plea to the OCM, applicants are still missing necessary application forms and crucial guidance for prospective applicants. We guess we’ll just have to see what happens with New York cannabis licensing as we get ever closer to October 4, 2023. Stay tuned.