There’s apparently no shortage of interest in New York’s cannabis industry.
So far, at least 300 would-be cannabusinesses have lined up to submit a business license application and a corresponding $10,000 non-refundable fee to the state health department, according to the New York Post. The application period runs until May 29, so that number could easily double.
Those hundreds are competing for just five permits to grow, process and dispense medical cannabis in the state, and each of the five will be allowed to open at least five dispensaries (though advocates say the law allows for the health commissioner to increase that number).
The five winners will also have to pony up another $200,000 for the licenses.