![]() ![]() Attestation # 4 and Attestation # 5 are relatively straight-forward but important for any CAURD applicant to know prior to submitting their application. ![]() ![]() If an applicant is granted a CAURD License far from where they currently live and/or operate a business, this Attestation requires applicants to be ready to move their other business(es) and uproot their lives and families if the CAURD location is too far to commute to on a regular basis (i.e., living in Brooklyn and being awarded a license in Western New York).Īttestation # 4 – The applicant and true parties of interest agree to limit their financial or controlling interests to no more than three conditional adult-use retail dispensary licenses issued.Īttestation # 5 – The applicant and any true parties of interest agree to only use their license for an adult-use retail dispensary, and shall not hold any interest in any license authorized for the cultivation, processing, or distribution of adult-use cannabis, or a licensed or permitted testing laboratory. Although it would be in the CAURD License holders’ best interest to open their dispensary as soon as commercially feasible, this is a noteworthy Attestation given the mere fact that applicants cannot choose the location of their dispensary, but only rank their top five (5) regions.Based upon those Attestations, any applicant who is granted a CAURD License must accept the location and region of the dispensary and cannot lease or transfer that space in the event that the dispensary’s location is untenable or undesirable.Īttestation # 3 – The applicant agrees to commence operation no later than 12 months from the date the license was granted. Attestation # 1 and Attestation # 2 are crucial points for CAURD applicants to consider, especially when ranking their regions for their potential dispensary.A breach may also prevent the ability of the entity or any listed owners to be granted any adult-use cannabis license in the future.Īttestation # 1 – The applicant agrees to accept the location of a dispensary should one be assigned to the applicant by the State.Īttestation # 2 – The applicant agrees not to lease, transfer, or subcontract either a portion or the whole licensed premises. Any breach of these attestations may result in the revocation of the CAURD license. However, there are several notable attestations that may influence: 1) an applicant’s decision on completing their application for a CAURD License and 2) how the applicant will run their business if awarded a CAURD License. Some of the attestations are run of the mill (e.g., that the applicant will not sell cannabis to persons under 21 years of age and will submit to the jurisdiction of the courts of New York State). These attestations must be sworn to and initialed by the applicant (if an individual), a managing member of the applicant (if a limited liability company), an officer of the applicant (if a corporation), or all partners of the applicant (if a partnership). During the submission of the Conditional Adult Use Retail Dispensary (“ CAURD”) application, applicants are required to submit and certify several attestations prior to final submission of an application. ![]()
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