How to Win a Marijuana Cultivator License in New York
An adult-use marijuana market is finally legal in New York. According to the American Press, New York is set to reach $2.3 billion dollars by the fourth year of sales. We can expect sales to begin in 2022. Now, entrepreneurs and investors have the opportunity to obtain marijuana licenses so that they can sell and grow marijuana. With that, there are multiple opportunities for different marijuana licenses in New York. Within this article, at Quantum 9‘s cannabis experts in New York explain what you can do with a marijuana cultivator license in New York, and how you can start growing marijuana legally.
Adult-Use Marijuana Cultivator License in New York
So, what can you do with a marijuana cultivator license in New York?
This license allows you to have the authority for the acquisition, possession, distribution, cultivation, and sale of cannabis from the licensed premises of the adult-use cultivator. Additionally, the board can establish regulations that allow marijuana cultivators in New York to perform certain types of minimal processing without needing an adult-use processor license.
Also, a person who holds an adult-use marijuana cultivator license in New York can apply for and have one processor’s license and one distributor’s license solely for the distribution of their own products.
Cultivation includes planting, growing, cloning, harvesting, drying, curing, grading, and trimming cannabis.
If you have an adult-use cultivator license, you can not also hold a retail dispensary license. In addition to that, you can not have a direct or indirect interest in another license application. This includes stock ownership, interlocking directors, mortgage or lien, or affiliated organizations. Lastly, you can not have a direct or indirect interest in more than one adult-use cultivator license.
However, one adult-use cultivator license may authorize adult-use cultivation in more than one location if it is pursuant to the correct criteria.
Tracking Sales for a Marijuana Cultivator License in New York
The board also has rules for record-keeping and tracking the cultivation of marijuana. Presenting that you know how to track your marijuana sales is an important part of your application for a license. We can expect that an application for a marijuana cultivation license will require you to have a plan for a seed-to-sale tracking system. This keeps a record of your transactions and inventory. Let our cannabis license experts in New York help you write a seed-to-sale tracking plan so that the board can approve your application.
For example, the board requires each licensee to adopt and maintain security, tracking, record keeping, record retention, and surveillance systems. With that, you must keep books and records of all transactions involving the licensee and sale of products.
To begin with, cultivators and processors can only sell products in originally sealed containers. These containers must list the quantity of product within the label. This all has to be in accordance with size standards, which is something you have to include in your cannabis business plan. Contact us to make sure your plan exceeds the board’s standards.
Also, cannabis cultivators in New York must practice and protect public health and safety standards. This includes complying with plant cultivation regulations, standards, and guidelines consistent within the Department of Environmental Conservation and the Department of Agriculture and Markets. These standards are guided by sustainable farming principles and practices. Again, all of this information must be included within your business plan.
There are also specific rules for transporting and processing cannabis products that you must follow if you have a marijuana cultivator license in New York.
Lastly, if you want a license to grow marijuana in New York, contact our cannabis experts at Quantum 9. We have the highest success rate in the industry and are eager to help you win a license. Additionally, check out the ROI for a cannabis business in New York. Contact us for any additional questions, we are eager to help entrepreneurs enter the marijuana industry in New York.