Cannabis businessman testifies in Tompkins case

Frank Perullo testified that he initially dismissed Suffolk Sheriff Steven W. Tompkins’s requests for stock in his cannabis company but ultimately agreed due to concerns over licensing delays and potential impacts on his business’s progress. The case alleges Tompkins extorted Ascend Wellness Holdings by leveraging his position to influence licensing and financial dealings, including a $50,000 stock purchase and repayment when the stock value dropped. Perullo, a political consultant and cannabis industry figure, described the relationship as a cynical negotiation tied to securing permits and supporting community programs, with the trial focusing on accusations of extortion and corruption.

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