Jump to content

New York Cannabis Market Analysis


thomas
 Share

Recommended Posts

  • 1 month later...

New York cannabis regulations are in limbo. But the pot industry is booming on reservations.

 And In New York City, unlicensed dispensaries have faced little pushback from law enforcement, despite the Office of Cannabis Management’s attempts to crack down on the rogue dispensaries. 

Phan, a CBD shop owner in New York City, said in an interview that “90 percent of the people come into my store asking to buy weed right now.”

“They heard it’s legal, and they don’t understand we are waiting for regulations,” he said.

https://www.politico.com/news/2022/03/19/native-american-tribes-new-york-cannabis-00016488

Link to comment
Share on other sites

  • 4 weeks later...

New York Governor Kathy Hochul says 52 farms are approved to grow marijuana for the future adult recreational market.

The news release from the Governor’s office provides a link to the listing of all the farms that have gained approval so far, but none of the locations or general regions where those farms are situated is included in the listing.

Among the farms listed: Main Street Farms LLC which is shown in a search as being located in Cortland, Enfield Glen Hopyard in Tompkins County, Tricolla Gardens in Birkshire and Bone Creek Farm in Deposit.

The award of the initial licenses allows growers to start planting for the current growing season prior to the start of legal sale of recreational marijuana. 

The Office of Cannabis Management will continue to review applications on a rolling basis.
 

Read More: First New York Marijuana Farm Licenses Granted | https://wnbf.com/first-new-york-marijuana-farm-licenses-granted/?utm_source=tsmclip&utm_medium=referral

Link to comment
Share on other sites

I just heard on WNBF that the pot smokers graffittied city hall last night. Is that true? I'd like to get photo and send it off to Kathy Hochul on Twitter. 

Link to comment
Share on other sites

Marijuana maker seeks $38M in tax breaks for new Ulster County production site

Cresco will use the new building to grow marijuana, create marijuana-based products such as vaping oils and edibles, and store finished goods for distribution to retail sites. Cresco plans to start construction in July and finish in about 21 months, according to the application, which touts 100 construction jobs and 375 permanent jobs.

https://amp.recordonline.com/amp/7379842001

To add a note, a couple of 18 wheelers were spotted at the idle Canopy Growth site in Kirkwood.

Link to comment
Share on other sites

59 minutes ago, thomas said:

Marijuana maker seeks $38M in tax breaks for new Ulster County production site

Cresco will use the new building to grow marijuana, create marijuana-based products such as vaping oils and edibles, and store finished goods for distribution to retail sites. Cresco plans to start construction in July and finish in about 21 months, according to the application, which touts 100 construction jobs and 375 permanent jobs.

https://amp.recordonline.com/amp/7379842001

To add a note, a couple of 18 wheelers were spotted at the idle Canopy Growth site in Kirkwood.

If you can't make a profit by selling weeds, then you shouldn't be in business.

Link to comment
Share on other sites

Good morning. You can purchase weed legally in the Indian territories. Salamanca has 2 shops open that I've seen. 

I went to see the graffitti.  It's green and yellow. I wasn't sure if I could stop there to snap a photo so I continued on my way home.

I can't imagine why the police didn't put a stop to it. Of course, they didn't stop these miscreants from targeting and attacking Mr Solak either. I just don't know what they're thinking.

Are all of them informants?

 

Link to comment
Share on other sites

On 4/21/2022 at 5:53 AM, snowman60 said:

"I put that shit on everything"

Updated version of " Do not shop for groceries when hungry".

"When ya got the munchies, do not go in a shop selling edibles".

Link to comment
Share on other sites

  • 4 weeks later...

Multistate operator Cresco Labs succeeded in its push to get $38 million in tax breaks for a planned cannabis cultivation and manufacturing facility in Ulster County, New York.

The board of the Ulster County Industrial Development Agency (UCIDA) voted unanimously to approve the $27.99 million reduction in property taxes over 15 years as well as $10 million in sales-tax exemptions, according to the Daily Freeman of Kingston, New York.

Chicago-based Cresco previously said the facility in the town of Wawarsing would provide 375 permanent jobs.

NY Cannabis Control Board approves another 58 marijuana cultivators

bringing the total number of licensed cultivators across the state to 146. There are 4 listed for Broome County.

https://www.syracuse.com/marijuana/2022/05/ny-cannabis-control-board-approves-another-58-marijuana-cultivators.html

Link to comment
Share on other sites

  • 2 weeks later...

New York marijuana regulators on Wednesday took another step toward setting up the state for the launch of its adult-use retail market, approving a series of proposed rules for packaging, labeling, advertising and testing requirements.

They also approved 16 additional adult-use cannabis cultivator applications to help ensure the market has enough product when recreational sales launch by the end of this year, raising the total to 162.

Members of the Cannabis Control Board (CCB) said that the new rules will help ensure public safety and prevent underage use.

https://www.marijuanamoment.net/new-york-marijuana-regulators-approve-rules-on-packaging-advertising-and-testing-as-state-readies-for-adult-use-sales/

Link to comment
Share on other sites

  • 4 weeks later...

New York's 1st legal cannabis crop sprouts under the sun

Growers like Frank Popolizio of Homestead Farms and Ranch, where a small crew north of Albany earlier this month dug out shallow holes for seedlings before packing them in by hand.

“It is an opportunity. There’s obviously going to be a demand for it,” Popolizio said during a break in planting. “And, hopefully, it benefits the farmers. Been a long time since there’s been a real cash crop.”

Aside from pests and bad weather, a big challenge to growing cannabis outdoors is the threat of thievery. Homestead’s half acre is not only surrounded by an electrified fence, but it has motion detectors and other security features.

https://abcnews.go.com/US/wireStory/yorks-1st-legal-marijuana-crop-sprouts-sun-85909310

Link to comment
Share on other sites

New York cannabis regulators have put 52 unlicensed cannabis retailers on notice, publicizing dozens of cease and desist letters that they have sent to businesses accused of illegally selling cannabis as the state prepares to launch its adult-use market.

https://www.marijuanamoment.net/new-york-marijuana-regulators-put-52-unlicensed-retailers-on-blast-as-state-prepares-to-launch-adult-use-market/

Link to comment
Share on other sites

Per a report by Pat Giblin of Localsyr.com, the New York State Office of Cannabis Management has released its final regulations for Conditional Adult-Use Retail Dispensary licenses as well as the application to acquire the license.

Now that the regulations and application processes have been finalized, proposals for opening cannabis businesses in those properly zoned areas may not be too far off. That article also noted that public commentary would be included as part of the process for approving those locations.

Read More: Final Regulations and Applications for Cannabis Dispensaries | https://wnbf.com/regulations-applications-cannabis-dispensaries/?utm_source=tsmclip&utm_medium=referral
 

Link to comment
Share on other sites

Maybe I'll be purchasing marijuana at the Seneca Indian shops for my relative who is in unretractable pain. Nevermind they don't smoke pot. Nevermind they can't stand the smell... SOMETHING HAS TO BE DONE!

This is where it all starts, isn't it?

Can you tell I'm still appalled by this situation? I told my daughter I'm going  to jail this week.. she laughed, but she knows what I mean. 🙂

Link to comment
Share on other sites

In a press release on Wednesday, City of Binghamton Mayor Jared Kraham announced an option agreement for future cannabis business development at Charles Street Business Park in Binghamton's First Ward.

Read More: Binghamton Mayor Kraham Announces Plans for Cannabis Business | https://wnbf.com/binghamton-mayor-kraham-cannabis/?utm_source=tsmclip&utm_medium=referral  

photo of the STIIIZY lab

PuO9qAO.jpeg

Reddit comments about this company are positive. "Their vapes are extremely popular", "I love their products, their cartridge is simple and doesnt get clogged. I would invest my last 10k if I could on them.",  "Stiizy is one of the most counterfeited brands in the cart game. They'll do well in NY."

Not sure how or if this project has any affect on the currently idle Canopy Growth facility in Kirkwood.

 

Link to comment
Share on other sites

  • 4 weeks later...

New York regulators are set to begin accepting applications for the first round of adult-use marijuana retailer licenses for justice-involved people on Thursday. The Office of Cannabis Management (OCM) has distributed 3 conditional adult-use retail dispensaries (CAURD) for the Southern Tier of the 150 state wide.

Applications for additional retailers will be more broadly accepted in the future.

https://www.marijuanamoment.net/heres-how-many-marijuana-shops-new-york-plans-to-approve-in-each-region-of-the-state-in-the-first-licensing-round/

Link to comment
Share on other sites

  • 1 month later...

State politicians are growing concerned about NY’s legal marijuana rollout

NY State Senators Neil Breslin and Michelle Hinchey, along with Assembly Members Carrie Woerner and Donna Lupardo, signed on to the letter requesting information about licensing opportunities and “conflicting timelines and regulations.”

https://www.syracuse.com/marijuana/2022/09/state-politicians-are-growing-concerned-about-nys-legal-marijuana-rollout.html

Link to comment
Share on other sites

NYS lawmaker who helped lead marijuana legalization assesses the progress so far

This week the State Office of Cannabis Management will run another round of tours of farms actually growing marijuana. Unlike other legalized marijuana states, New York has split the licenses for growing, processing, and retail. 

State Assembly Majority Leader Crystal Peoples-Stokes of Buffalo says, so far, so good. That '150' is the first round of dispensary licenses to be granted by the state office of cannabis management. Eventually, they could partner with a big company which might run multi-state operations and have out-of-state financial backers. But the original licensee must retain 51% equity control to keep it.  

Last week a spokesman for state cannabis management said a few marijuana dispensaries could open in New York State by the end of the year. But Peoples-Stokes says she's fine with April or May of next year as long as they follow the proper guidelines that she and other lawmakers intended.

https://www.wgrz.com/article/news/local/nys-lawmaker-who-helped-lead-marijuana-legalization-assesses-progress-business-buffalo/71-ccef64e3-4348-4377-bcd3-cfbfc160279b

ofxGXVb.jpg

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...