New York Medical Cannabis Industry Challenges The State’s System: $20M Fee Per Operator At Stake

The New York Medical Cannabis Industry Association (NYMCIA) has filed a lawsuit against the New York Cannabis Control Board (CCB) and the Office of Cannabis Management (OCM) over a $20 million fee for adult-use cannabis licenses.
The NYMCIA is asking for the fees to be declared unconstitutional and refund any fees already paid, reported Green Market Report.
The lawsuit centers on the argument that the fee is punitive and disproportionately affects the original cannabis operators (Registered Organizations or ROs) who helped launch the state’s medical marijuana program in 2014.
Under NY’s legalization plan, Marijuana Regulation and Taxation Act (MRTA), …Full story available on Benzinga.com

Read Full Article