Hochul’s cannabis conundrum: Stronger action, but greater political risk
PoliticoHochul has already stepped up her involvement. “There are promises being made that aren’t being kept,” said Kaelen Castetter, managing director of the industry lobbying firm Castetter Cannabis Group. “The advocacy efforts of different constituencies within cannabis and the local municipalities concerned about the number of illicit stores has reached the governor’s desk,” said state Sen. Jeremy Cooney, chair of the chamber’s cannabis subcommittee. … We’ll have to find the right kind of language to be able to get these illicit businesses shut down.” Industry advocates largely agree that Hochul has an opportunity to turn the cannabis program around. The governor has already proposed to reform the state’s THC potency tax, which Castetter described as a “huge step.” That reform would relieve the tax burden on processors, who turn cannabis into products like pre-rolls or edibles, which can be upward of 60 percent depending on the potency of the product.
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