NYS now accepting applications for medical marijuana distributors

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NYS now accepting applications for medical marijuana distributors

Post by LemonTree on Thu Apr 30, 2015 12:41 pm

The race is on: Companies interested in running medical marijuana operations in New York have until May 29 to submit applications to the state Department of Health.

The DOH began accepting applications on April 27 from those interested in becoming registered organizations to manufacture and dispense medical marijuana under the Compassionate Care Act, with a goal of selecting operators by July.

Just five licenses are expected to be approved for registered organizations, with each permitted to operate up to four dispensing facilities statewide. State officials will limit the program to 20 dispensing facilities initially, with locations expected to geographically dispersed across New York.

Applicants will pay a non-refundable $10,000 application fee upon submission of a detailed plan on their infrastructure and operations; plus a registration fee of $200,000, which will be refunded to those who don’t make the cut. Those that do will be expected to grow, manufacture, distribute and dispense marijuana for medical use.

They’ll also be required to contract with a New York-based independent laboratory to test all products. Additional requirements regarding security and record-keeping must also be followed.

Dr. Howard Zucker, acting commissioner for the DOH, said the application process represents an important step in implementing a medical marijuana program in New York.

“We have laid out an ambitious timeline in getting the program up and running and we are meeting our goals,” he said.

Zucker told Business First earlier this month the process has been on schedule, with the state taking its time to make sure the program fits the needs of New York’s 19 million residents.

Credit: www.bizjournals.com

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