NYS’s MRTA and Compliance

Cannabis in New York! It’s not always easy…

If you’re thinking about opening a cannabis dispensary in New York, let’s talk about the game-changer: the Marijuana Regulation and Taxation Act, or MRTA. This law is not just about making adult-use cannabis legal; it’s setting the stage for a cannabis market that’s fair, transparent, and packed with opportunities for entrepreneurs.

Dank is Buffalo’s First Licensed Dispensary July 2023

What Does MRTA Mean for the Cannabis Business?

The MRTA is your roadmap to building a successful dispensary in New York State. The first stop? Licensing! The state has introduced a tiered licensing system to create balance and prevent big corporations from dominating the market. This opens the door for small business owners, especially social equity applicants.

And what’s that, you ask? Social equity applicants are individuals who’ve faced disproportionate impacts from past cannabis prohibition. The owner of Dank 716 in Buffalo NY, Mr. Aaron Van Camp spent seven years in prison solely for marijuana sales and usage. NYS decided to give reparations for this. This also includes minority- or women-owned businesses, those with prior cannabis-related convictions, and others. The MRTA has made it a priority to set aside 50% of licenses for these applicants, giving everyone a fair shot.

Dank Welcomes Everyone

Keeping a Dispensary Compliant

Now let’s talk compliance—it’s the secret ingredient to running a trustworthy cannabis dispensary. Under the MRTA, you’ll need to track every product from seed to sale. This not only helps prevent illegal activity, but it also builds trust with your customers. Transparency is everything in the cannabis world. And product safety? It’s non-negotiable. Every cannabis product you sell must meet strict safety and labeling standards. Consumers want to know what they’re buying—whether it’s a potent THC product, a specific strain, or a hemp-derived CBD option. Offering clear, honest information can help your dispensary stand out.

The Challenges Are Real, But So Are the Opportunities

Sure, navigating cannabis compliance might feel overwhelming at first. But here’s the thing: businesses that follow the rules and prioritize high-quality products are the ones that will thrive in New York’s cannabis market. Dank 716 is one of those! 

Dank’s Artistic & Culture footprint in Buffalo