New York Increases Penalties for Unlicensed Cannabis Sales

New York’s Governor, as part of his FY 2024 budget, signed legislation May 3 to increase the civil and taxes penalties for unlicensed and illegal sales of cannabis. The law gives the Office of Cannabis Management and the Department of Taxation and Finance more enforcement powers to take action against unlicensed marijuana dispensaries. DTF fines and penalties can be issued for unpaid taxes. The new law allows the OCM civil penalties for unlicensed cannabis business, including fines up to $20,000. The ODM…

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