New York State has begun accepting applications for its medical marijuana licenses this week. Applicants can submit questions through May 5th and the Department of Health Services (DOH) must answer those questions by May 14th. The deadline for filing an application is May 29th. The nonrefundable application fee is $10,000 and the registration fee is $200,000.The approved applicants will be announced some time in July.

Only five applicants will be approved to cultivate and dispense approved medical marijuana and they are each limited to four dispensaries. This is where things get a little challenging for the approved licensees.

Click here to read the entire article on Forbes.


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