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This is what they say they will do
The New York State Office of Cannabis Management (OCM) knows that the regulated cannabis industry is rapidly developing–rife with opportunity, high stakes, and significant risk. Inter- and intra-state movers, influences, and operations daily threaten to undermine New York’s economic development goals and the industry’s alignment with the State’s social and economic equity priorities.
New York’s medical cannabis and two-tier adult-use market are designed to create an accessible industry—where small and medium sized businesses have the opportunity to succeed alongside highly capitalized and multistate operators. But making this industry a reality requires vigilance, an ear to the ground, and the power to holds actors accountable. This is the role of the TPB.
What is Trade Practice?
Trade practice refers to the methods, strategies, and behaviors that businesses use in the cultivation, processing, and distribution of cannabis in the regulated market. This includes ethical standards, competition policies, and regulatory compliance.
For regulatory purposes this means a focus on fair competition and the prevention of deceptive or unfair business conduct.
TPB’s Work
Through investigations, collaboration, and partnership, TPB will work to hold accountable individuals who and operations that undermine New York’s public interest goals in cannabis regulation.
- Regulatory Actions: In collaboration with the Cannabis Control Board (CCB), OCM will take public action with evidence of wrongdoing that violate the Cannabis Law.
- Confidential Investigations: Any TPB review of possible trade practice violations will be conducted with strict confidentiality to ensure fairness and objectivity.
How TPB Operates
The speed of business is often faster than that of regulation. It requires the humility to inspect what the agency expects and the willingness to adapt.
TPB is a dedicated team of investigative attorneys, investigator-inspectors, and data analysts tasked with:
- Conducting in-depth investigations into potential violations of Cannabis Law and regulations.
- Utilizing the agency’s authority to subpoena witnesses and administer oaths.
- Analyzing data and market trends to proactively identify threats to industry integrity.
By staying proactive and responsive, TPB will help safeguard a fair, transparent, and well-regulated cannabis industry in New York.
