Odd Lots Pot Lots Part 3: Righting the Wrongs of the Past
Apr 20, 2023
In this engaging discussion, Damien Fagan, Chief Equity Officer at New York's Office of Cannabis Management, and Koss Marte, a former drug kingpin turned fitness entrepreneur, delve into the unique challenges of New York's cannabis market. They explore how legalization is being used to rectify historic injustices and foster social equity. The guests share compelling personal stories about the psychological impacts of drug laws and emphasize the importance of creating opportunities for formerly incarcerated individuals in this new industry.
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NY's Social Equity Focus
- New York's cannabis legalization aims to rectify past injustices caused by the Rockefeller drug laws and stop-and-frisk.
- These policies disproportionately affected minority communities.
Combating the Illicit Market
- Build legal, convenient, and affordable options for cannabis consumers.
- Educate consumers on the benefits of the legal market to combat illicit sales.
Barriers to Entry
- High entry costs for legal weed businesses hinder diversity and ownership.
- New York's two-tier market, inspired by Washington state, aims to improve accessibility for smaller businesses.