Governor Kathy Hochul signed new legislation Wednesday in an attempt to curb the unlicensed and illicit sale of cannabis across New York State.
The legislation allows the Office of Cannabis Management and the Department of Taxation and Finance to assess civil penalties against unlicensed cannabis businesses with fines of up to $20,000 a day and makes it a crime to sell cannabis and cannabis products without a license.
In addition, the Office of Cannabis Management’s ability to conduct regulatory inspections of businesses will be bolstered and the Department of Taxation and Finance will ensure businesses are paying the appropriate taxes and impose civil penalties where they have not been paid.
In April, Governor Hochul launched “Why Buy Legal New York,” an education campaign promoting safe and informed purchases of cannabis from licensed stores across New York State. You can learn more about the campaign here. (Full Story)