The cost of a dispensary license in New York varies depending on the type of license and the specific circumstances. Here’s a breakdown of the current fees:
- Retail Dispensary License:
- Application fee: $1,000 (non-refundable)
- License fee: $7,000 for a two-year period
- Conditional Adult-Use Retail Dispensary (CAURD) License:
- Application fee: $2,000
- License fee: $5,000
- Delivery License:
- Additional fee: $4,500 on top of the dispensary license fee
- Distributor License:
- Fee: $7,000 for a two-year period
It’s important to note that as of March 22, 2024, the New York State Cannabis Control Board has waived licensing fees for Adult-Use Conditional Cultivators for two years. These fees typically ranged from $4,500 to $40,000 depending on the license tier and canopy size.