As New York’s cannabis market continues to grow, there is a significant opportunity to include Tribal Nations in this emerging industry through Tribal Compacts under the Marijuana Regulation and Taxation Act (MRTA). Tribal compacts can provide several key benefits: Economic Empowerment: Tribal communities can generate revenue, create jobs, and reinvest in essential services like healthcare and education. Market Expansion: Tribal cannabis operations can increase access to products, helping to fill gaps in the market and meet consumer demand. Social Equity: Including Tribal Nations in the cannabis market supports equity initiatives and ensures that historically disadvantaged communities have a meaningful stake in this economic opportunity. Stronger Partnerships: Collaborative efforts between the state and Tribal Nations can lead to positive, long-term relationships beyond cannabis, supporting broader economic development and public health goals. New York has the chance to lead by example and create a more inclusive, equitable cannabis industry for all. #CannabisIndustry #TribalNations #SocialEquity #EconomicOpportunity #NewYorkCannabis #CannabisBusiness
Except there is no real leadership or standards. The majority of tribal activity in NY is bootleg brands selling out of state products for profit with very little care for the end consumer.
Founder and Chief Strategist @ Case Study, Labs
2wThe best flower in WNY can be found on tribal land. But not because it’s tribal product. They are the only ones able to cash out the local “non-tribal” growers who have been here for decades. and they gave them a home where they feel legitimate