A public forum hosted by the Central Harlem Community Board on Saturday saw Cannabis Control Board Chair Tremaine Wright fleshing out details of both the retail and cultivator conditional licensing programs that the state launched last month.
Among the particulars: conditional dispensary license holders will be eligible to receive loans with interest, as opposed to grants or interest-free loans. The money will come from a $200 million cannabis social equity fund.
“Loan funds will be provided to our conditional dispensary licensees,” Wright said. “I want you to think about this as a franchise model: these folks don’t get to pick where their location is, they will have a lot of assistance on buildout, and they will repay their loans.”
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