New Yorkers can soon start legally ordering weed right to their doorstep while they wait for full dispensaries, according to new regulations from the Office of Cannabis Management (OCM).
To participate, licensees must secure a warehouse space from which they can fulfill orders before the grand opening of their store.to ensure that those communities disparately victimized by marijuana prohibition are the first able to profit from its legalization. 28 licenses approved last month went to New Yorkers both with a past marijuana-related conviction and a record of operating a profitable business in the state; the remaining 8 went to nonprofits serving “justice-involved” New Yorkers.
CAURD recipients’ weed enterprises will benefit from substantial investment from the New York Social Equity Cannabis Investment Fund, which will provide grants and loans to support build-out of beneficiaries’ storefronts. The $200 million fund consists of $50 million from revenues and licensing fees and $150 million from private investment.
But the hotly anticipated rollout of legal weed in the Empire State has been marred with difficulties. Private investment for the Social Equity fund
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