NYC Has Padlocked More Than 750 Unlicensed Cannabis Stores, Adams Says
In the three months since the state gave New York City the power to shutter unlicensed cannabis stores, local law enforcement has sealed stores in 779 locations, Mayor Eric Adams announced Wednesday.
Landlords whose properties were sealed now have to go through the process of getting them unsealed, Cole Schotz member attorney Robert DiPisa, who specializes in cannabis law, told Bisnow. While some landlords may simply not have known what their tenants were doing in the properties, he said, others were fully aware but took the gamble on being able to command higher rents.
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As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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