Since New York handed its adult-use hashish laws in March of 2021, we’ve all been ready for one factor: a timeline for when adult-use licenses will probably be issued. We lastly have a solution, which is… disappointing.
Hashish Management Board (CCB) Chairwoman Tremaine Wright has now publicly said that the CCB is “engaged on an 18-month timeline to construct the requisite insurance policies framing the brand new authorized marijuana market.” Even that assertion was hedged to make clear that dispensaries wouldn’t obligatory be absolutely stocked by then both. As quoted by the Rochester Metropolis Newspaper:
“What we do management is getting (dispensaries) licensing and giving all of them the instruments to allow them to work inside our methods. That’s what we’re saying will probably be achieved in 18 months. Not that they’re open, not that they’ll be full-blown operations, as a result of we don’t know that.”
Virtually talking, we get it. Creating a whole trade (one as extremely regulated and, regrettably, controversial as hashish no much less) from complete material is not any straightforward job. However we had hoped for a tighter timeline (say 18 months from passage of the MRTA), or at the least a listing of anticipated milestones (launch of guidelines and laws, public remark interval, license functions being accepted, and many others.).
The CCB has its third assembly this Wednesday, November 3, 2021, at 1pm (broadcast as regular). Hopefully, the CCB clarifies its timeline and/or offers context as to what and will probably be occurring and when for the subsequent 18 months.
With all of that stated, the truth that Chairwoman Wright’s announcement resulted in such heated responses from New York’s hashish trade’s insiders (we instantly began receiving textual content messages and emails) reveals that the potential for the trade in New York is apparent. Keep tuned for a abstract after the CCB’s third assembly.