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There have been plenty of events in the New York cannabis space. We will break them down for you.
Legal Battles Stall Cannabis Licensing Efforts
New York’s Office of Cannabis Management (OCM) is dealing with over 20 active lawsuits, reported Green Market Report. These legal challenges stem from various aspects of the state’s cannabis management protocols, notably affecting the Conditional Adult-Use Retail Dispensary (CAURD) and the Social and Economic Equity (SEE) programs. The lawsuits have significantly impacted the OCM’s ability to efficiently process licensing applications and respond to Freedom of Information Law (FOIL) requests, leading to considerable delays.
These delays are happening while Operation Padlock (OP) is still in motion. New York City Mayor Eric Adams initiated the shutdown of illicit cannabis shops, targeting cannabis operations across the five boroughs. This multi-agency effort has shuttered 75 illicit marijuana shops. So far, the operation has imposed about $6 million in fines. Via OP, Adams is aiming to curb the proliferation of unlicensed cannabis dispensaries. While the aggressive enforcement underscores the city’s commitment to managing the unregulated and uncontrolled sales of cannabis, the police and administrative procedures have raised concerns and legal defiance.
Housing Works Announce Buy Back Of Illicit Cannabis
Housing Works Cannabis Co (HWCC),
