Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Politics

Manhattan DA Bragg announces illegal pot shop crackdown; one store owner fined over $400K

by July 19, 2023
July 19, 2023
Manhattan DA Bragg announces illegal pot shop crackdown; one store owner fined over $400K

A New York City entrepreneur who illegally sold marijuana at a dozen shops across Manhattan must pay more than $400,000 in taxes and proceeds from illicit sales of cannabis, as part of a crackdown on the thousands of unlicensed operations across the city.

The Manhattan District Attorney’s Office announced Tuesday that business owner Rami Alzandani would not face litigation as part of a non-prosecution agreement. He can keep his stores open but can no longer sell cannabis products.

The state of New York’s Office of Cannabis Management has now issued more than 250 licenses for entrepreneurs to open storefronts to sell cannabis in all of its forms, including edibles, flowers and vapes.

Azandani must pay $103,000 in restitution to the state Department of Tax and Finance and must also forfeit an additional $300,000 in illegal proceeds, the district attorney’s office said.

Last month, Gov. Kathy Hochul announced the seizure of $11 million worth of illicit products from 33 storefronts during a recent sweep of unlicensed stores in New York City, Ithaca and Binghamton.

Since New York legalized recreational marijuana two years ago, relatively few of the stores that have received licenses to operate have opened, allowing illicit shops to continue to prosper.

Manhattan District Attorney Alvin Bragg said that public safety is undermined ‘when there is such a huge proliferation of unlicensed and unregulated storefronts selling cannabis products that have not been properly inspected.’

His office said that it is pursuing other criminal investigations and is ‘in active conversations’ with landlords to evict shops in violation of state law.

<!–>

This post appeared first on FOX NEWS

–>

0
FacebookTwitterGoogle +Pinterest
previous post
Understanding Raw Rock Phosphate: What Investors Need to Know
next post
‘Squad’ members vote against pro-Israel resolution, one calls Israel an ‘apartheid’ state

Related Posts

Centrist group No Labels sets up panel to...

March 15, 2024

Majority of Americans say Biden received ‘special treatment’...

February 14, 2024

Lara Trump officially announces campaign for RNC co-chair...

February 29, 2024

Top Democrats who pushed 25th Amendment during Trump...

July 4, 2024

Experts question RFK Jr.’s sudden ‘bizarre’ medical claims...

May 24, 2024

White House slams Hur report: ‘Gratuitous and inappropriate...

February 10, 2024

White House unveils new AI regulations for federal...

March 28, 2024

Pelosi says she’s running because she ‘needed to...

September 10, 2023

House GOP members introduce bill to block Palestinian...

October 16, 2023

Trump indicted on charges out of Special Counsel...

August 2, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Operational Update

    • Sun Summit Drills 78.0 Meters of 3.72 g/t Gold Including 19.1 Meters of 7.50 g/t Gold at the JD Project, Toodoggone District, B.C.

    • Juggernaut Samples up to 256.60 g/t Or 8.25 oz/t Gold and Identifies 4 New Gold-Rich Zones that Remain Wide Open and are Drill Ready within the Highway of Gold Corridor on the Big One Property, Golden Triangle, B.C.

    • Kenvue stock drops 10% on report RFK Jr. will link autism to Tylenol use during pregnancy

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    Categories

    • Business (1,371)
    • Investing (2,873)
    • Politics (3,699)
    • Stocks (1,783)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved