Sep 21, 2022
New York Conditional Adult-Use Retail Dispensary (CAURD) Licenses
Conditional Adult-Use Retail Dispensary (#CAURD) Licenses are coming to #NewYork.
150 #dispensaries are going to be awarded to eligible individuals pursuant to Section 116 of the rules
What documents will I need to apply for a CAURD license?
The application will ask for information about the applicant and all “true parties of interest” in the applicant.
True parties of interest include persons:
that are sole proprietors, partners, LLC members, LLC managers, shareholders, and their spouses;
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with control over a licensee;
holding an actual or future right to ownership, investment or compensation, including by stock, convertible bond, note, warrant, option, SAFE, equity swap agreements over a licensee;
serving in a leadership, senior, or control position, such as a member, manager, president, vice president, secretary, treasurer, officer, board 4 member, trustee, director, or a person with equivalent title or position in a licensee, and the…