US (NY): Cannabis company sets agreement for cannabis operation on tribal land

Audacious, an emerging global cannabis company with an expanding suite of multinational operations, announced today it has entered into a letter of intent with First Americans of the Saint Regis Mohawk Tribe in upper New York state for the joint development and operation of a cannabis operation on tribal land. The agreement will create a partnership to operate cultivation, processing and manufacturing facilities, as well as two retail dispensaries, on tribal land.

"This is our first move into the New York state cannabis market, which with a population of approximately 20 million people represents a truly enormous opportunity. We are delighted to be partnering with First Americans to help develop a thriving cannabis operation in this high-traffic area of northern New York state," said Terry Booth, CEO of Audacious. "This deal expedites adult usage sales in New York State. With the statewide start of adult use sales not expected to commence for at least another 18 months, this partnership creates an incredible early-mover advantage that we and our First Americans partners will look to capitalize on."

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