New York’s Adult-use Cannabis Processor License is included in the proposed “Marihuana Regulation and Taxation Act.” Through this legislation’s provisions, it outlines several adult-use licenses business operators may be able to obtain.
In this post, we’ll cover everything you might want to know about the New York Adult Use Processor License. From what it is and what’s involved, you’ll know exactly what to expect if you plan to become a cannabis processor in this state.
Interested in cannabis business licensure in New York? Make sure to learn about the New York Small Business Cooperative License, too!
Adult Use Processor License vs. Hemp Processor License
The Adult Use Processor License is the legal permission your operation needs to acquire, possess, process, and sell cannabis from the licensed premises of the adult-use cultivator licensee. This license allows you to handle these activities for duly licensed distribution operations throughout the state of New York.
However, if you’re thinking about getting a Hemp Processor License, it’s important to know that there’s an Adult-Use Conditional Processor license that allows holders to perform licensed activities permitted under your Cannabinoid Hemp Processor License.
Through the MRTA, processing includes but isn’t limited to these activities:
- Making/Preparing Cannabis Products
Keep in mind that the MRTA does not include cannabis cultivation as an activity categorized under “processing.”
Looking at section 69.3 of the MRTA, processors are not allowed to hold interests in any other businesses on the premises to be licensed. However, cannabis cultivators and cannabis processors are allowed to operate on the same property as a person who holds both licenses.
Cannabis processor licensees can hold up to three cannabis processor licenses. What’s more is the fact that someone who holds an adult-use processor’s license cannot hold a cannabis distribution license under the MRTA.
Furthermore, similar to the adult-use cultivator license, adult-use processor’s licensees cannot have direct or indirect interests in any of the premises that have been licensed for adult-use cannabis retail dispensary activities. Nor in any operations that have been licensed for adult-use cannabis retail dispensary business activities. This includes stock ownership, mortgages or liens, interlocking directors, personal or real property, or any other means.
Adult Use Processor License FAQ
What does a cannabis processor do?
A cannabis processor does what it says: a cannabis processor processes cannabis. With a New York Adult Use Processor License, you could be authorized to do much more than that thanks to the MRTA.
What kind of licenses can I hold?
As an adult-use processor licensee, you cannot hold other licenses such as those involved in growing and selling cannabis. But if you are only interested in the processing side of the cannabis industry, this is certainly a license you can both manage and maintain.
What are some other benefits of an Adult Use Processor License?
For one, New York is currently facing a cannabis shortage that has been plaguing other states for quite some time. This means opportunities abound for business owners looking to profit off supplying dispensaries with cannabis products.
Additionally, adult-use processor licensees can expect to make money not only through supply and distribution but also by helping other companies develop new cannabis products. Think edibles or vape cartridges for example.
Any Questions We May Have Missed?
Do you have a question we missed? Feel free to contact us! We are here to help every step of the way. Whether you’re applying for a New York Adult Use Processor License, starting an online cannabis business, or simply have questions about cannabis laws across the country, we have you covered.
Like this article? Make sure to check out this post on how to open a dispensary in New York, too!