A recent Columbia University study has revealed that youths in New York City have access to marijuana through unlicensed cannabis outlets. Even though New York State laws prohibit individuals under the age of 21 from accessing recreational marijuana, the study found that NYC youth are using illicit sellers to circumvent the state’s cannabis laws and access the drug before they are eligible.
This proliferation of illicit marijuana sellers stifles the growth of the legal cannabis industry and reduces opportunities for entrepreneurs to start businesses like Innovative Industrial Properties Inc. (NYSE: IIPR) that serve firms in the…
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