New York marijuana chief ousted as inversion investigation implodes
New York’s top cannabis official abruptly resigned Monday amid the collapse of a major state investigation into alleged marijuana inversion involving millions of dollars’ worth of product.
Felicia Reid, who’d led the Office of Cannabis Management since June 2024, resigned at New York Gov. Kathy Hochul’s request, according to The Capitol Pressroom.
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Hochul asked for Reid and the head of a new investigative arm to step down amid the unraveling of a case OCM brought against a licensed processor.
Omnium Health allegedly smuggled illicit product into the state’s $1.8 billion market in a case that also touched major national brands.
New York cannabis shakeup as inversion investigation fails
Reid is now the second New York cannabis czar to be forced out under Hochul.
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