Details for New York cigarette wholesale licensing

The $10,000 bond and $25,000 net-worth evidence are separate section 480(1) requirements. Paragraph 1(l) exempts specified applications based solely on vending machines on others' premises, solely on statutory tobacco-products resale, or those two together. Do not treat that other-tobacco exception as a blanket cigarette-wholesaler waiver.

Section 480 also calls for a secure separate warehouse, with deed or an executed lease for at least two years, and other applicant evidence. A bond does not replace the licensing investigation or make the license assignable to a buyer of the business.

Failure to maintain required or increased security can cause license cancellation/suspension. The license normally continues until revoked, suspended or surrendered, with statutory reapplication powers; that is not a universal annual expiration date for the bond.

The current State reporting page requires quarterly informational returns from licensed cigarette wholesalers, including those also acting as agents, but excludes vending-machine-only wholesalers. Its quarters end in May, August, November and February, with returns due the following June 20, September 20, December 20 and March 20, subject to nonbusiness-day rules. Agents have additional reporting.

Purchase Now opens Propeller's New York wholesale-dealer application in a new tab. Match the legal license applicant, actual cigarette role, required security and accepted dates, then complete State licensing/security filing. Provider payment does not license the dealer, grant stamp credit or replace quarterly returns.