New York's legal cannabis market stalled due to inexperienced leaders treating the licensing agency like a startup, causing changing rules, poor transparency, and lack of enforcement.
New York's legal cannabis market has been hindered by inexperienced leaders who treated the state's licensing agency like a "mission-driven" startup rather than a government office, according to an internal review. The report detailed issues such as constantly changing licensing rules, poor transparency, and an absence of enforcement mechanisms, which have stalled the legal market and allowed illicit storefronts to flourish. Governor Kathy Hochul ordered the comprehensive review in March in hopes of addressing the bureaucratic stumbles and legal challenges that have plagued the agency.
May 10, 2024
9 Articles