New York's legal cannabis industry, initially envisioned for equity and local growth under the Marijuana Regulation and Taxation Act, faces a significant threat from cannabis inversion. This illegal practice involves importing cannabis from outside the legal supply chain and passing it off as locally sourced, creating unfair competition that harms small farmers and ethical dispensaries. Without intervention from the Office of Cannabis Management, the integrity and viability of New York's cannabis market could be compromised, jeopardizing the very principles on which it was built.
Cannabis inversion, the act of using illicit methods to import external cannabis into the legal market, threatens the survival of New York's burgeoning industry.
The practice undermines the Marijuana Regulation and Taxation Act's promise of equity and sustainability, as local farmers struggle against cheaper, illegally imported products.
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