NEW ZEALAND CANNABIS CONSULTANTS
Higher Yields Cannabis Consultants offers a full range of cannabis consulting services internationally, including New Zealand. Our vertically integrated consulting system was developed to assist businesses from startup to scaling and expansion of your cannabis-related business. If you have any questions please contact us online or call (844) HI-YIELD.
Current Regulatory Status of Cannabis Licensing in New Zealand
On October 17th 2020, the citizens of New Zealand will go to the polls to vote on a national referendum on whether to legalize the use of cannabis for people age 20 years and older. The voters will be asked to vote either “Yes” or “No” on the question of whether they support the proposed Cannabis Legalisation and Control Bill.
If the law is passed, cannabis in New Zealand would be regulated by the Cannabis Regulatory Authority. The Authority would be responsible for licensing and monitoring the recreational use of cannabis, setting the THC limits, administering and collecting all applicable taxes and fees, and capping the total amount of cannabis allowed in the New Zealand market.
The proposed bill allows for the growth, possession, and consumption of up to 14 grams of dried cannabis. The proposed bill outlines that 14 grams of dried cannabis is equivalent to:
- 14 cannabis seeds
- 70 grams of fresh cannabis
- 210 grams of cannabis edibles
- 980 grams of cannabis liquids
- 3.5 grams of concentrates
The Authority would be responsible for issuing licenses to grow, produce, and sell cannabis. All applicants would need to meet the following elements in order to obtain a cannabis license:
• Prove that the person or entity is capable of complying with the licensing conditions and financial requirements.
• Have no disqualifying conditions such as revocation of a previous license or bankruptcy status.
• Have no serious convictions.
• Any other facts or convictions regarding the person’s suitability to hold a license.
• Pass a police background check
The bill also proposes that cannabis may be consumed in private residences and in licensed cannabis consumption premises. Consumption would not be permitted in a public place.
The Authority will determine where cannabis dispensaries can be located. These decisions will be made on a case-by-case basis. Communities will have a say in the placement of dispensaries in their neighborhoods and how close dispensaries can be located to schools, churches, parks, and other community properties. They will also be permitted to make a public submission on all dispensary license applications.
Retail and consumption license holders would be required to train all of their employees, display information regarding impairment by cannabis consumption, and refrain from exceeding the purchase limit.
Under the current proposal, a cap will be placed to limit the amount of cannabis available for sale at any given time. Each licensed business would have to apply for a portion of the cap, and no license holder would be allowed more than 20% of the market cap.
A cap would limit the amount of cannabis available for sale in the licensed market. Licensed businesses would apply for a portion of the cap. The Authority would be able to adjust the cap each year as required.
Also, licensed businesses that grow cannabis would not be able to operate on-premises where cannabis is sold or consumed.
New Zealand Cannabis Consulting services
At Higher Yields Cannabis Consulting (HYC), our cannabis experts are here to help you with planning and building your business in New Zealand. Everyone on our team is well-versed with laws on compliance, and we offer services that assist you in building your brand, creating your marketing plan, designing your website and assets, crafting your social media presence, and much more to help your business be successful.