Reason Magazine argues that New York’s deeply troubled cannabis legalization rollout was entirely foreseeable—and that the state’s regulatory failures represent a cautionary tale for other jurisdictions moving toward legalization.
The piece draws on analysis from cannabis industry experts, including SIVA’s Avis Bulbulyan, who had warned that New York’s slow licensing process, high taxes, and tolerance of illicit operators would undermine the legal market before it could gain footing.
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