New York Lawmakers Greenlight Cannabis Sales to Tribal Nations, Aiding Retail Rollout

NEW YORK- In a significant development for New York’s cannabis industry, lawmakers have approved a bill that permits licensed cannabis farmers to sell their products to tribal nations with established cannabis markets. This move comes amidst the state’s sluggish retail rollout, while dispensaries have been operating on tribal land throughout New York.

Although approximately 300 growers and 40 processors have obtained licenses in New York, the number of licensed dispensaries statewide remains limited, with only 12 currently in operation. This shortage of retailers has resulted in a backlog of inventory for some cannabis businesses. Jason Ambrosino, owner of Veterans Hemp Market and Veterans Holdings, revealed that his company is holding approximately $325,000 worth of product due to the lack of available retail outlets.

The Shinnecock Nation and Seneca Nation have expressed support for the bill, recognizing the potential benefits it could bring. Tela Troge, Esq., Vice-Chairperson for the Shinnecock Nation Cannabis Regulatory Division, emphasized that the bill would provide consumers with increased access to safe and tested recreational cannabis products. In a letter addressed to the bill’s sponsors, the Seneca Nation stated that the measure demonstrates a common-sense partnership between sovereign entities by allowing Native Nation-regulated retailers to purchase cannabis and cannabis products that might otherwise go to waste.

Before becoming law, the bill still requires the signature of the governor. Once enacted, it has the potential to create new avenues for licensed cannabis farmers in New York to expand their customer base and alleviate inventory challenges. The collaboration between the state and tribal nations reflects an effort to strengthen the cannabis industry and ensure its growth benefits all parties involved.