New York authorities have seized about 1,000 pounds of illegal marijuana products worth about $10 million from 31 different shops accused of illegally selling cannabis across the state, Gov. Kathy Hochul said Thursday. The raids of unlicensed cannabis stores began earlier this month, as state agents with the Office of Cannabis Management began enforcing new state laws that in … [Read more...] about NY seizes 1,000 pounds of illicit marijuana worth about $10M in crackdown on illegal shops
The Empire
Several illegal marijuana shops in N.Y. ordered to cease sales
New York state officials have ordered multiple unlicensed cannabis dispensaries illegally selling recreational marijuana to shut down and stop sales or risk thousands of dollars in daily fines. The state Office of Cannabis Management and the state Department of Taxation and Finance inspected several cannabis dispensaries this week operating in the cities of Ithaca and … [Read more...] about Several illegal marijuana shops in N.Y. ordered to cease sales
Police Seize Marijuana from Two Olean Businesses
OLEAN, NY — Police seized marijuana, edible marijuana products and an assault style rifle from two businesses on West State Street Thursday. “Neither business possesses a license to legally sell marijuana, and the amounts possessed exceed the legal limit for personal use,” the Olean Police Department wrote in a Facebook post. “At this time, there are no businesses in the City … [Read more...] about Police Seize Marijuana from Two Olean Businesses
Cannabis farmers struggling to sell product, OCM creates possible solution
BUFFALO, N.Y. (WKBW) — There are growing frustrations within the Western New York cannabis industry. Some farmers are concerned that their hard work could spoil with a lack of stores to sell their product. "Spent money for a year and not make a penny on it, it gets difficult," Joshua Pettit, a cultivator with Greenside Cannabis, said. Pettit said for Greenside Cannabis in … [Read more...] about Cannabis farmers struggling to sell product, OCM creates possible solution
High times for NYC cannabis street vendors who make big bucks out in the open — and few try to stop them
Cannabis vendors deal out in the open at Washington Square Park. Kaseem, 66, peddles pot out in the open at Washington Square Park every day — one of more than a dozen vendors selling cannabis products at a circle of folding tables around the iconic fountain. Despite the close competition, Kaseem says business has never been better. “I make between $500 and $800 every time I … [Read more...] about High times for NYC cannabis street vendors who make big bucks out in the open — and few try to stop them
UES Weed Bakery Closed In Unlicensed Cannabis Crackdown
The shop was located on First Avenue near East 87th Street. (GoogleMaps) NEW YORK CITY — Sweetooth, an Upper East Side "infused" bake shop, came to a bitter end Monday after authorities said it illegally sold unlicensed pot products. A multi-agency raid led by New York City sheriff's officers closed the First Avenue bakery, confiscated hundreds of cannabis edibles and other … [Read more...] about UES Weed Bakery Closed In Unlicensed Cannabis Crackdown
New York Governor Signs Legislation To Reign In Illicit Weed Market
New York Governor Kathy Hochul on Wednesday signed legislation to reign in the state’s illicit marijuana market that includes penalties for unlicensed cannabis retailers of up to $20,000 per day. The legislation, which increases civil and tax penalties for the illicit sale of cannabis in New York, was signed into law as part of the state budget for the 2024 fiscal year. Hochul … [Read more...] about New York Governor Signs Legislation To Reign In Illicit Weed Market
How New York plans to address illegal cannabis sales
Additional penalties and shutting down businesses will be used to crack down on illicit cannabis sales in New York under an agreement reached in the $229 billion state budget. The spending plan, approved on Tuesday, included the provisions as the state's marketplace for legal cannabis businesses is trying to get off the ground. Here's why lawmakers and Gov. Kathy Hochul acted, … [Read more...] about How New York plans to address illegal cannabis sales
Scott’s CEO: Cannabis Market a ‘Bloodbath’
Despite steep sales declines in its Hawthorne segment, which includes cannabis, the CEO of Scott’s Miracle-Gro (NYSE: SMG), Jim Hagedorn, said he still believes in the growth of the cannabis sector. But, he noted, “It is a bloodbath out there.” In the company’s latest earnings call, Hagedorn called out the rollout of New York’s adult-use cannabis market. “New York has tripped … [Read more...] about Scott’s CEO: Cannabis Market a ‘Bloodbath’
