The agency overseeing the build outs for New York’s conditional marijuana dispensary program has selected 10 firms to design and construct the state’s first retail stores for legal adult-use cannabis.
The Dormitory Authority of the State of New York (DASNY) announced its selections on Friday, a few days ahead of Monday’s Cannabis Control Board meeting, during which the board is expected to issue its first round of Conditional Adult-Use Retail Dispensary (CAURD) licenses.
“The firms were selected to develop approximately 150 turn-key sites across New York State for entrepreneurs who have received a Conditional Adult-Use Retail Dispensary license,” a DASNY statement said Friday..
While the state’s cannabis industry rollout has been frustrating at times, news of the construction firms – in addition to the expected licensing and preliminary regulations next week – signals the state is taking the steps it needs to open the market, said Joe Rossi, a managing director at Park Strategies and leader of its cannabis practice group.
“It’s wonderful news that we’ve been waiting for, and these are some top notch firms,” Rossi said. “Honestly, everything up to this day is ancient history.”