New York Launches $5M Grant Program For Cannabis Social Equity Retailers
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The grants will be implemented by the Office of Cannabis Management
New York has established a $5 million grant program to support startup costs for adult-use cannabis social equity retail licensees in the state.
The grants, implemented by the Office of Cannabis Management (OCM) and Empire State Development, will fund $10,000 to $30,000 of initial costs for Conditional Adult-Use Retail Dispensary (CAURD) licenses, which are reserved for “justice-involved” individuals and nonprofits that meet certain criteria.
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