Our 16-page New York Business Continuity Plan identifies the ways in which the business will continue operating normally in the event of a change in management succession.
It fulfills the definition given by the OCM/CCB: “Information relating to a business continuity plan which shall mean a plan, in case the applicant, its owners, or its true parties of interest decide to leave the business; there is a material change in the applicant’s ability to operate the business; or the applicant becomes otherwise unable to operate the business”
Table of Contents:
- Introduction
- Key Personnel/True Parties of Interest
- Designated Successors
- Leadership Development
- Buy/Sell Agreement
- Non-Disclosure Agreements
- Succession in Case of Incapacity
- Succession in Case of Legal Action
- Securing Company Property
- Required Regulatory Notifications
- Key Personnel and TPI Roster
- Designated Successors Roster
The OCM is requiring this NY business continuity plan for social equity dispensary applicants, as well as all other applicants in the upcoming launch of general licensing, because they want to ensure that cannabis operators have plans in place to deter and mitigate major disruptions before they happen. This reduces the chances of adult-use consumers being left without a source for their cannabis products.
It’s typical for a Business Continuity Plan to be about a company’s response to various unexpected catastrophic events, but New York defines it more as a succession plan, where the process for replacing departing key personnel is described. Certain safeguards must be put in place to ensure that the business can continue to operate smoothly and all intellectual and physical property are protected.
If you need a traditional NY Business Continuity Plan, we have that too, as well as a Risk Management Plan.
Contact us today for a preview of our New York Cannabis Business Continuity Plan before you buy!
How Do I Get My Business Continuity Plan?
Once you complete the purchase, you will receive an email receipt that contains the download link. If you don’t see it, check your spam folder. If you still don’t see it, email us, and we will send you the document as an email attachment in MS Word format.
