Cannabis farmers have ‘an unclear path to market’ as the state has yet to approve retail dispensaries
Not one legal recreational dispensary has opened. Last week, a federal judge handed down an injunction that blocked the state from handing out licenses in Brooklyn and areas of the Hudson Valley region after a lawsuit claimed that the state’s cannabis equity program violates the US constitution.
State cannabis officials have not indicated how many dispensing licenses will be considered at a control board meeting scheduled for next week. But the number could be 150. Without dispensaries, New York producers are for the moment stuck with newly harvested mountains of stock. “It’s an unclear path to market,” said Melany Dobson of HudsonDobson advised that cannabis left exposed to air, light and warmer temperatures can begin to break down and lose potency. “Old cannabis starts to have a brownish glow,” she said.state dispensaries are lifted, and prices hold up at about $2,500 a pound wholesale, the market could be worth $1.
“The regulated adult-use cannabis industry is a once-in-a-generation opportunity for our underserved communities that have, for too long, faced disproportionate rates of drug-related incarceration to get in on the industry on the ground floor,” said the mayor, Eric Adams. “This is about creating good jobs, successful small businesses, and finally delivering equity to communities harmed by the war on drugs.
Cannabis management office spokesperson Aaron Ghitelman said “the goal is to open dispensaries by the end of this year” and it was “still gunning to get the first sales on board” by 2023.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Axe, sword-wielding man enters New York Times building, seeking the politics deskThe New York Post quoted a policeman as saying, the man had “a knife in one hand and a stuffed animal in the other”.
Read more »
IN PICTURES: Lake-effect snow blankets parts of New YorkIncredible scenes as a dangerous, potentially historic, snowstorm paralyses parts of western and northern New York with much more on the way. 9News
Read more »
IN PICTURES: Lake-effect snow blankets parts of New YorkIncredible scenes as a dangerous, potentially historic, snowstorm paralyses parts of western and northern New York with much more on the way. 9News
Read more »
New generation of Socceroos plant seedlings of a new identity at World Cup | Emma KempGraham Arnold’s team are aiming to move on from the halcyon days of 2010 and Australia’s golden generation in Qatar
Read more »
Medical cannabis provides positive results for children with autism in Melbourne studyA groundbreaking new trial of medicinal cannabis in Melbourne has uncovered positive results in treating children living with autism.
Read more »
FBI director ‘very concerned’ by reports of secret Chinese police stations in USChristopher Wray says the FBI is investigating the existence of stations in New York, which could violate sovereignty
Read more »