NYC Dispensary Insights

March 10, 2022 Uncategorized

Wondering about the NYC dispensary operations participating in the state’s legal cannabis marketplace? We have you covered!

New York City has legal weed! With legalization for medical and recreational marijuana in NY, entrepreneurs got to work establishing this legal marketplace.

Keep reading to learn more about the NYC dispensaries and some frequently asked questions about these operations.

Love this post? Make sure to check out our article “How to Open a Dispensary in New York” before you go!

NYC Dispensary Insights

Opening a Medical Marijuana Dispensary in New York, NY

At this point, New York is working to forge a solid licensing structure for retail dispensary license acquisition. Since things have not been finalized just yet, we’ll have to wait to see how these licenses will work and how the state will issue them.

This year, the state is putting effort into regulating New York cannabis. These regulations will involve creating the state’s regulatory authority, the Office of Cannabis Management.

The state is implementing social equity licensing opportunities. This is happening through its economic equity program.

Furthermore, cannabis dispensaries in NYC will have the opportunity to access capital through the state’s egalitarian recreational market structure. The state plans to offer technical assistance to ganjapreneurs, as well.

New York also plans to allocate efforts towards accounting for the damage that some communities have experienced because of the War On Drugs. Until the state has everything it needs in place to allow recreational cannabis sales to begin, consumers and ganjapreneurs will have to wait for their New York dispensary licenses.

Wondering about the cost to get a New York dispensary license? Check out this article on dispensary license cost now.

Current NYC Dispensary Operations in Business

MedMen NYC

As one of the closest medical marijuana dispensaries to Times Square, MedMen NYC serves patients with the treatment they need. The menu is available online, allowing delivery or pickup, as well. Keep in mind, you’ll need a medical marijuana card to shop MedMen NYC.

RISE Dispensary

RISE dispensary is located in Manhattan. It serves medical marijuana patients and guests. The operation’s prices range from $10 to $250. You can also order their cannabis products online.

Etain Health

Etain Health has retail locations in NYC, as well as Westchester, Hudson Valley, and other areas. The company also distributes Motif, a rechargeable magnetic vape pen featuring a pure oil and draw-activating dosing. This business is family-run and woman-owned, as well.

Columbia Care Manhattan Dispensary

Columbia Care dispensaries are located in various states, including New York. The operation’s Manhattan location offers a solid selection of pharmaceutical-grade medical marijuana vape cartridges, oral tablets, topicals, tinctures, and more.

The Green Solution Dispensary

Besides running 21 dispensaries throughout Colorado, The Green Solution has a dispensary located in NYC. Columbia Care Inc. completed its acquisition of this business in 2020.

NYC Dispensary FAQ

Can I go to a dispensary without a card in New York?

While you’ll eventually be able to visit a dispensary without a card in New York, things are still in the air at this point. However, if you do hold a medical marijuana card in New York, you can buy medical marijuana from state-regulated dispensaries. Keep in mind, you’ll need to have your registry ID cards and certifications on hand.

Does NYC have medical marijuanas?

New Yorkers have had access to medical marijuana through the state’s medical marijuana program. The law changed to allow this program in 2014, making medical cannabis available to those who have received their certification from specially licensed medical care providers if they have specific medical conditions.

Closing on NYC Dispensary Operations

Medical marijuana dispensaries are becoming increasingly popular in New York City as the state continues to work on regulations for the industry. The industry is expected to grow significantly in the coming years as New York recently legalized cannabis for adult use.

With social equity licensing opportunities and technical assistance being offered to ganjapreneurs, the industry is poised for growth. However, those looking to get into the cannabis industry in New York should be aware that the state is still working out some of the details for recreational sales. So far, only medical marijuana sales are allowed.

In the meantime, consumers and businesses will have to wait for all of the regulations to be in place. Until then, state-regulated dispensaries will only be selling medical marijuana.

Looking for help structuring and scaling a NYC dispensary? Northstar is ready to help!

Book your free consultation now to learn more about how our cannabis-specific CPAs will grow your operation with financial reporting and other accounting services.