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A Detailed Guide to The Types of Licenses Available for Opening A Dispensary In New York
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3/14/2022
Now that the recreational use of cannabis has been legalized in New York, the state is looking forward to earning sufficient revenue from the same.

Now that the recreational use of cannabis has been legalized in New York, the state is looking forward to earning sufficient revenue from the same. MRTA has estimated that the legalization of cannabis for recreational use can bring around $436 million in tax revenue.

 How to open a dispensary in New York

Now that you are thinking of setting up a dispensary, you might wonder how to open a dispensary in New York. In this article, you will learn about the different types of licenses available for opening a dispensary.

 

  • Cultivator License: By procuring the cultivator license, the individual can plant, grow and sell cannabis to the individual holding processor license. 
  • Adult-use processor License: This special license allows the holder to purchase cannabis products from the legalized cultivator to undertake a wide array of activities like blending, extracting, packing, etc.
  • Distributor License: With this license, an individual can purchase cannabis products from the processors to distribute them to the legalized dispensaries and on-site consumption premises.
  • Microbusiness License: The Microbusiness license allows the holders to carry restricted operations for their cannabis products. Thinking that Will a New York Microbusiness License Cost Less? Yes, it will cost less to apply for a microbusiness license and operating cist also depends on the scale of your business. 
  • Delivery License: This license can be obtained by the owners of the companies to operate a cannabis delivery service to the end customers. 

 

Apart from the mentioned, there are also many other dispensary licenses. Having a question in your mind- How much does a New York Dispensary License Cost? It will depend on the type and number of licenses you have applied for. Knowing all about the application process and cost of the dispensary license as specified by the MRTA will make it easy to procure the same and thus, open a legalized dispensary in New York.

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