Green Market Report: OCM to investigate TPI
by Allegra Campbell, CANY Operations Manager
Check out Green Market Report’s feature New York OCM to start investigating cannabis company true parties of interest, for the latest updates on OCM’s Trade Practices Group. In a significant move for the New York cannabis industry, the Office of Cannabis Management is launching investigations into the true parties of interest (TPls) behind cannabis companies. Led by Tom Donohue and the newly formed Trade Practices Group, this initiative aims to ensure compliance with state regulations regarding ownership, financial arrangements, and marketing practices. Noncompliance could lead to serious repercussions, including license suspension or revocation.
The article features Jason Klimek, Chair of CANY’s Policy Committee, a distinguished cannabis and tax attorney who has played a pivotal role in shaping the legal landscape of cannabis in New York since founding his cannabis practice in 2018. CANY has been at the forefront, helping to guide policy and educational efforts around TPI and other compliance issues, and Jason is a huge part of these efforts!