SESC and the Conditional Adult-Use Retail Cannabis Dispensary Program

Supporting New York's Cannabis Industry

DASNY works with the New York Cannabis Social Equity Investment Fund and the Office of Cannabis Management to build New York's cannabis industry on a foundation of social equity.

Supporting New York’s Cannabis Social Equity Entrepreneurs
New York’s Cannabis Social Equity Investment Fund helps individuals impacted by the disproportionate enforcement of cannabis prohibition lease and equip suitable real estate for retail adult-use cannabis dispensaries. 

The Cannabis Social Equity Investment Fund
This up to $200 million Public-Private Fund, proposed by Governor Hochul and adopted by the Legislature, provides much needed support for justice-involved individuals who have received a Conditional Adult-Use Retail Dispensary (CAURD) license from the State Office of Cannabis Management. The Fund was seeded with $50 million in State funds, to be repaid from tax revenue generated by cannabis sales, and up to $150 million in private investment.  It is the first of its kind in the nation. 

Participating CAURD licensees receive a premium turn-key cannabis dispensary in an optimum retail location, with the licensee repaying the Fund’s investment over time. This approach provides participating CAURD licensees with the best possible opportunity to succeed, overcome the unjust treatment of the past, and create generational wealth.  


SESC’s Role
The Social Equity Servicing Corporation (SESC), a DASNY subsidiary works with the Fund to identify, acquire, design, construct, and outfit locations for cannabis dispensaries to be operated by individuals who have received a Conditional Adult-Use Retail Dispensary (CAURD) license issued by the Office of Cannabis Management.  
 

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