Regulators are targeting people who traffic illegal products into licensed stores, which are supposed to sell a safe supply of weed.
Good morning. It’s Wednesday. Today we’ll look at a new effort by state regulators to stop people who manipulate the cannabis market using tactics such as trafficking illegal products into licensed stores. We’ll also get details on today’s court hearing about dropping the corruption charges against Mayor Eric Adams.
Credit…Sara Naomi Lewkowicz for The New York Times
New York State regulators are beginning a new effort to crack down on threats within the legal cannabis pipeline. My colleague Ashley Southall explains:
For the last three years, New York’s efforts to stand up a legal cannabis market have focused on distributing business licenses and shutting down illicit stores that skipped the official line to cash in on consumer demand.
Now regulators are shifting their efforts to threats that have been growing within the legal cannabis pipeline.
State regulators are now targeting people who manipulate the market using tactics like trafficking illegal products into licensed stores that were supposed to provide safe supplies of flower, vapes, edibles and other consumable items. The action is also taking aim at those who illegally hoard licenses.
Last week, the Office of Cannabis Management — which sets the policies that govern the market — announced the creation of a Trade Practices Bureau to tackle violations of state rules that fall into a void between enforcement and compliance. The state’s Cannabis Control Board, which approves licenses and regulations proposed by the cannabis management office, delegated its subpoena powers to strengthen the bureau’s ability to probe allegations.
Regulators are targeting people who traffic illegal products into licensed stores, which are supposed to sell a safe supply of weed. Read More
