15.02.090 Tribal Cannabis Exchange

(a) Creation of Exchange. The Tribal Council establishes the Saint Regis Mohawk Tribal Cannabis Exchange ("TCE") to ensure that Processor licensees and Retail Store licensees have access to cannabis, cannabis extract, and cannabis products, as applicable, at prices established by the CCO according to objective standards. Upon the effective date of this chapter, the CCO shall establish the TCE within the CCO.

(b) Powers and Duties. The powers and duties of the TCE shall include but not be limited to:

(1) Determine, through consultation with Processors and Retail Stores, the demand for bulk cannabis flower and trim, cannabis extract, prepackaged cannabis products, and prepackaged flower;

(2) Establish prices for bulk and prepackaged cannabis, cannabis extract, and other cannabis products sold through the exchange, which shall be not less than 80 percent of published wholesale prices for adult use cannabis and cannabis products nationwide, or, if available, New York State;

(3) Set quantities, on a quarterly basis, of bulk flower and trim that a Cultivator must make available to Processors at the price determined by the TCE and prepackaged flower that a Cultivator must make available to Retail Stores at the price determined by the TCE, except that the total amount shall not exceed the quarterly amount in the Cultivator's approved operating plan;

(4) Set quantities, on a quarterly basis, of bulk cannabis extract that a Tier II Processor must make available to other Processors at the price determined by the TCE and prepackaged cannabis products that a Processor must make available to Retail stores at the price determined by the TCE, except that the total amount shall not exceed the quarterly amount in the Processor's approved operating plan;

(5) Monitor Cultivators and Processors to determine compliance with their obligations under their approved operating plans;

(6) Allot bulk cannabis or cannabis extract to Processors for purchase at prices determined by the CCO;

(7) Allot prepackaged cannabis and cannabis products to Retail Stores at prices determined by the CCO; and

(8) Collect per-gram fees and issue revenue stamps that shall be affixed to cannabis and cannabis products before transfer to a Retail Store.