Summer Vibes have truly been immaculate! If you are like us, you have become close personal friends with whatever can cool things down in all of this heat! For us, it has been spending time with each other in the ocean and under the blessings of the coolest air conditioning. Our team has been enjoying our summer and we hope you all are too! Besides the summer sweetness, we've been reading to help guide our understanding of the evolving cannabis landscape in New York State and beyond!
Since late spring, New Yorkers have seen firsthand the mass closing and padlocked doors of illegal smokeshops and the heavy fines being levied against property owners and shop keepers who have been in open defiance of operating unlicensed. We had previously spoken up about the difficulties of operating a licensed dispensary with unregulated shops on what felt like every street corner. We are glad to see some teeth behind the enforcement to even out the playing field.
Much has been talked about the State’s Social Equity Fund and how it was not able to get off the ground amid questions of its predatory terms to justice impacted licensees. Now, there is a new private equity firm with previous cannabis experience that will be running New York City’s $2 million Cannabis Loan Fund.
The Supreme Court’s Great Folly- Last week, the U.S. Supreme Court came out with a decision that limits the regulatory power of federal agencies. It was a big win for corporate interests and creates a massive unknown for the interests of the people. This was a fascinating read on how this case could impact the cannabis industry including the de-scheduling of cannabis which was proceeding on track.
We try to keep up on what is happening and being written to help inform our work and with changes coming down everyday, we are thankful for such a full cannabis media diet! Let us know what you are reading to keep knowledgable. Until next time Stashies!!
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