Cannabis technology platform Dutchie announced on Thursday that New York has selected the company to be the exclusive provider of technology and point-of-sale (POS) hardware for the state’s Conditional Adult-Use Retail Dispensary (CAURD) licensees. Through the partnership, New York’s social equity cannabis retailers will receive Dutchie’s technology to serve their customers and streamline their business operations.
“We are proud to be named the exclusive technology partner to help support New York’s CAURD licensees,” Dutchie CEO Tim Barash said in a statement from the company. “Dutchie is committed to powering cannabis commerce and supporting the industry with powerful and easy-to-use technology. Our partnership helps advance our mission to create safe and easy access to cannabis in one of the largest and most exciting markets in the country. We look forward to helping advance the state’s social equity goals by helping applicants and licensees streamline operations, serve happy customers and help their businesses thrive.”
Retail Pot Sales Begin In New York Next Week
This week, New York Gov. Kathy Hochul announced that regulated sales of marijuana will begin on December 29 with the opening of the state’s first retail cannabis dispensary in Manhattan’s East Village. The New York State legislature legalized adult-use cannabis last year with the passage of the Marihuana Regulation and Taxation Act (MRTA), which was signed into law by former governor Andrew Cuomo on March 31, 2021.
The state reserved the first 150 Conditional Adult-Use Retail Dispensary (CAURD) licenses for individuals with past marijuana-related convictions and nonprofit groups serving those harmed by prohibition. The state’s Office of Cannabis Management (OCM) issued the initial 36 licenses to 28 individuals and eight nonprofit groups last month.
The CAURD licensees are being offered turn-key cannabis retail locations by the Dormitory Authority of the State of New York (DASNY), which is responsible for securing and developing the sites. This week, the agency revealed its intent to select Dutchie as the exclusive provider of technology for the businesses. With Dutchie POS, New York’s social equity licensees will be able to process customer transactions and manage inventory while simultaneously tracking and reporting all compliance information required by state regulations. CAURD stores will also be able to incorporate Dutchie’s integrated payment solutions developed for the cannabis industry.
“Opening a business is always challenging, and cannabis retailers face a variety of regulations and guidelines to remain compliant and safe,” said Naiomy Guerrero, the CEO of Nube NYC, one of the state’s first CAURD licensees. “Dutchie and their technology and hardware solutions will give entrepreneurs like myself a leg up, make business operations easier and more seamless, and help us better service our customers.”
Dispensary Showroom Debuts In The Bronx
The announcement of Dutchie’s selection as New York’s cannabis social equity POS provider follows the company’s recent partnership with The Bronx Community Foundation, the Bronx Borough President’s Office and The Temeka Group to launch The “Bronx Dispensary Showroom,” billed as the first compliant end-to-end cannabis retail experience in New York state. The showroom replicated what a New York-compliant cannabis dispensary could look like while providing employment opportunities and training for those interested in launching a business in New York’s adult-use cannabis market.
“The Bronx Community Foundation is committed to advancing stability, solving systemic challenges, and building generational wealth for Bronxites and all New Yorkers,” said Desmon Lewis, co-founder of The Bronx Community Foundation. “We were proud of the support from Dutchie to launch The Bronx Dispensary Showroom, a first-of-its-kind and unique educational experience and resource for our community interested in entering the cannabis industry, with the goal of making sure the social equity promises of New York’s cannabis market are fulfilled.”