Medical-Cannabis Companies Blast New York For ‘Clear Course For Failure’ In State Cannabis-Business Rollout
New York state legalized adult-use cannabis in 2021
New York state’s largest medical-cannabis companies, which have been barred from wading into the adult-use market for more than two years, are saying they’ve waited long enough for licenses from the state.
New York state’s largest medical-cannabis companies, which have been barred from wading into the adult-use market for more than two years, are saying they’ve waited long enough for licenses from the state.
While the Office of Cannabis Management has estimated that 2,000 retail dispensaries are needed to serve the New York market, the state is projected to have fewer than 100 open by early 2024, the companies said.
New York state legalized adult-use cannabis in 2021. In the past year or two, the companies said, thousands of illegal stores have been flooding the market with unregulated cannabis products that in some cases have been sold to children, and they have also diverted business from the state’s licensed medical dispensaries.
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