Jump to content

New York Cannabis Market Analysis


thomas
 Share

Recommended Posts

Who's bright idea was it to place the pot shop a mere 6 tenths of a mile away from our beloved Binghamton Patriots? That's a 3 minute walk. I don't want every druggie within a 50 mile radius near our kids. 

Same with that other place on Broad Ave. That's just a few blocks from East Middle. Kids from Roosevelt have to walk home that way too.

So freaking ghetto.

Link to comment
Share on other sites

  • Replies 121
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

You'd think Kathy Hochul and Chuck Schumer never saw the Godfather.  They are all over twitter bragging about Binghamton's  pot dispensary. 

INFAMNIA!

 

 

Link to comment
Share on other sites

Damien Cornwell will own and operate the Binghamton store, 75 Court St., in a partnership with the Broome County Urban League.

The business will open daily at noon. It will close at 8 p.m. Monday through Wednesday, 9 p.m. Thursday, 10 p.m. Friday and 9 p.m. Saturday. The store will be closed on Sundays.

The Urban League said it was thankful to Binghamton officials for helping make the weed shop possible. The Binghamton City Planning Commission unanimously approved the dispensary. - WBNG
 

Read More: Binghamton's First Legal Marijuana Retail Store Opens Its Doors | https://wnbf.com/binghamton-legal-marijuana-store-opens/?utm_source=tsmclip&utm_medium=referral

The dispensary sells a variety of marijuana flower, edibles and other products grown and processed in New York.

https://spectrumlocalnews.com/nys/central-ny/politics/2023/02/11/1st-legal-upstate-marijuana-dispensary-opens-in-binghamton

Link to comment
Share on other sites

  • 2 weeks later...

They’re Betting the Family Farm on Weed

Hepworth Farms, in Milton, N.Y. 

The Hepworth sisters have spent almost $8 million on the venture, investing in a state-of-the-art laboratory and a range of processing equipment.

by9zu58.jpg

For the new business, the Hepworth sisters have hired dozens of specialists, including a chemist, a plant biologist and a lead grower, Michael Hart, center. Credit...Roger Richardson for The New York Times

“Cannabis is the most labor-intensive plant on our planet,” said Colin Decker, the founder of Sensei Growth Consulting, a New York-based cannabis industry consultancy.

The 2022 crop yielded 158,000 pounds of cannabis. Retail brands like Smokiez and Jetty have already claimed some of this product, which was harvested with the help of chromatography analysis, a lab technique that measures cannabinoid levels from samples of plants in the later stages of the growing process.

Hepworth Farms now has 24-hour video surveillance and guards.

https://www.nytimes.com/2023/02/17/nyregion/hepworth-farms-cannabis.html

Link to comment
Share on other sites

Yesterday I saw a video out of Buffalo, guy picked up a rifle and blew the head off his boss right in front of a little boy, maybe 4 years old. He washed his hands and then ate some ribs.

Marijuana is still a schedule 1 narcotic whether you like it or not.

Link to comment
Share on other sites

NY's 1st batch of marijuana shop licenses is doubling to 300

However, about 40% of the proposed licenses are allocated for parts of the state where the state can't issue them at the moment, under a November ruling from a federal judge. The decision froze licensing in certain areas during an ongoing lawsuit over license rules regarding applicants' ties to New York.

The state is appealing the decision, which applies in Brooklyn, central New York, the Finger Lakes, the mid-Hudson region and western New York.

So far, 66 dispensary licenses have been awarded, and four shops have opened, three of them in New York City, one in Binghamton.

https://abcnews.go.com/Politics/wireStory/nys-1st-batch-marijuana-shop-licenses-doubling-300-97586694

Link to comment
Share on other sites

  • 2 weeks later...

It’s the lawsuit many saw coming.

A coalition that includes some of New York’s medical cannabis companies is asking a judge to compel state regulators to open up licensing for all retail dispensary applicants immediately.

https://www.syracuse.com/marijuana/2023/03/exclusive-nys-cannabis-regulators-sued-again-this-time-by-the-big-players.html

“As a grower, it's taking too long,” said Allan Gandelman, president of the Cannabis Association of New York and owner of a farm upstate that has a provisional license to cultivate marijuana.

He also said growers expected more stores to be open by now. As New York cultivators prepare to enter their second growing season, many still haven’t sold the cannabis they grew last year, he added.

https://gothamist.com/news/big-weed-operators-sue-ny-over-social-equity-program-for-retail-cannabis-shops

 

Link to comment
Share on other sites

  • 2 weeks later...

Cannabis Association of New York’s lobby day in Albany on March 28, 2023

Everything said at the Cannabis Association of New York's lobby day in  Albany on March 28, 2023. - syracuse.com

 I don’t think we’re as far away on enforceability as everybody seems to think. Because I think we can all agree on one thing – the rule of law still has to be followed... Damien Cornwell, owner Just Breathe.

UpN8Ka9.jpg

      Rep. Donna Lupardo...Times Union photo... I am certainly supportive of your entire agenda: the potency tax, the enforcement issue. Cannabis farmers are at risk, not only because of their financial stress, but their mental   health is suffering as well in the middle of all this. 

So I am here today, not only in support of this group of people, but to say we must do something about this. I don’t care whether we’re going to let them sell into other markets or whether we pay them for their losses.                                                         

https://www.syracuse.com/marijuana/2023/03/everything-said-at-the-cannabis-association-of-new-yorks-lobby-day-in-albany-on-march-28-2023.html

Link to comment
Share on other sites

New York’s medical cannabis companies weren’t exaggerating when they said, in a recent lawsuit against the Office of Cannabis Management, that they are suffering “immediate, tangible, and irreparable harm.”

NY Cannabis Insider has learned that Acreage Holdings, which has four dispensaries across the state, recently laid off at least 12 employees. PharmaCann, which also has four dispensaries and employs roughly 300 people throughout the state, expects layoffs in the very near future if things don’t change at the state level.

Joseph Fontano, Local 338′s secretary and treasurer, said the union is “incredibly disappointed that we are starting to see layoffs in what should be an emerging industry.”

https://www.syracuse.com/marijuana/2023/03/exclusive-acreage-lays-off-new-york-employees-pharmacann-may-be-next.html

The New York Office of Cannabis Management and the Cannabis Control Board “have willingly allowed – if not outright encouraged – the illicit market to flourish across New York, undercutting and devaluing the legal market, reducing the ability to generate tax revenue … and putting consumers unnecessarily at risk,” the Coalition for Access to Regulated and Safe Cannabis (CARSC) wrote.

The CARSC includes Acreage Holdings, Curaleaf, Green Thumb Industries, and PharmaCann, along with several entrepreneurs and at least one physician.

Over 1500 unlicensed shops in NYC. 17 in BC.

https://www.greenmarketreport.com/new-york-mso-coalition-blasts-state-officials-over-lack-of-cannabis-enforcement/

 

Link to comment
Share on other sites

  • 4 weeks later...

Rep Donna Lapardo has introduced the 'Cannabis Crop Rescue Act' 

The bill would allow New York's Adult-Use Conditional Cultivators to sell their own or another licensee's cannabis products directly to consumers until Sept. 30, 2023. It would also authorize the Office of Cannabis Management to create a loan or grant program to help these farmers process cannabis into distillate.

Lupardo acknowledged the bill may not be perfect but said she sees it as a conversation starter to address the big issue facing farmers - nowhere to sell their product.

Link to comment
Share on other sites

Disgusting they are forcing taxpayers to subsidize pot growers. It's a weed. It grows anywhere. Depending on this product as well as the HEMP debacle to fill tax coffers is democrat stupidity at its finest. So instead of making money now WE have to pay them?

I hope Jason Garner wasn't counting on that money. I remember in 2020 he actually budgeted expecting $10,000.00 in revenue. Didn't get a penny.

What's he expecting in tax revenues from marijuana this year?

Link to comment
Share on other sites

On 4/21/2023 at 3:26 PM, ginger said:

Disgusting they are forcing taxpayers to subsidize pot growers. It's a weed. It grows anywhere. Depending on this product as well as the HEMP debacle to fill tax coffers is democrat stupidity at its finest. So instead of making money now WE have to pay them?

I hope Jason Garner wasn't counting on that money. I remember in 2020 he actually budgeted expecting $10,000.00 in revenue. Didn't get a penny.

What's he expecting in tax revenues from marijuana this year?

 

 

 

Link to comment
Share on other sites

  • 3 weeks later...
  • 3 weeks later...

New York Regulators Pledge to Open Cannabis Farmers Markets 'Quickly'

Marijuana farmers markets are coming to New York state, potentially within a month

“It’s a farmer’s market model, through which growers would have the ability to get together and organize farmer’s markets, in partnership with a retailer, where a minimum of three growers and a retailer can organize events,” Kagia said.

“If you have a farm or a location where you want to set up an event, we’ll support that. But also if you want to piggyback on an event that already exists, a concert, a festival, some other sort of agricultural event, and there’s a way to get our cannabis folks in there, we would love for that to happen,” Kagia said.

https://www.greenmarketreport.com/new-york-regulators-pledge-to-open-cannabis-farmers-markets-quickly/

update now this idea appears dead in the water. 6/27

updatenk

Link to comment
Share on other sites

Variscite lawsuit settled, opening up Finger Lakes to cannabis dispensaries

The settlement would allow the OCM to fully launch the CAURD licensing program, but the state is also litigating a lawsuit filed by a coalition that includes some of New York’s medical cannabis companies. Plaintiffs in that case are asking a judge to compel state regulators to open up licensing for all retail dispensary applicants immediately.

https://www.syracuse.com/marijuana/2023/05/variscite-lawsuit-settled-opening-up-finger-lakes-to-cannabis-dispensaries.html

* Two more dispensaries are set to open within the next three weeks in NY.
The Budding Industry Group in Deer Park, Long Island, and Flynnstoned in Syracuse.

Link to comment
Share on other sites

Dan Livingston is the executive director of CANY and a former city council member in Binghamton. 

He is the executive director of the Cannabis Association of NY (CANY), the largest cannabis trade organization in New York State. Almost 550 members stretched across NYS, representing every link in the supply chain.

https://www.syracuse.com/marijuana/2023/05/people-to-know-in-ny-cannabis-dan-livingston.html

Link to comment
Share on other sites

  • 2 weeks later...

New York State’s first legal marijuana festival is happening June 17th, at the Broome County Fairgrounds in Whitney Point.

This is the first marijuana festival on the I Love NY website. Tickets for the event start at $39 and entry to the festival will go from 12:30 p.m. to 10:00 p.m. on June 17th. 

https://www.localsyr.com/news/state-news/pot-festival-coming-to-whitney-point/

Link to comment
Share on other sites

A beer and pot festival...lol...what could go wrong? 

Woo whoo! The troopers and sheriffs will get a big payday! Kind of like that one time they had a Phish concert up to Watkins Glen...they had a DWI check right on 14 in front of the troopers barracks. If you wanted to get out of jail it was a $500 dollar bond. I supposed if you can afford to purchase pot and beer you have the means to hit up an ATM for 5 large, right? 

I was not there but I heard all about it. :) 

 

 

Link to comment
Share on other sites

VhA2nyN.jpg

The second legal cannabis retail shop in the Binghamton area is expected to open soon.

Greenery Spot Dispensary will operate at 246 Main Street in Johnson City. The company is owned by Christopher Myers, Brandon Myers and Gregory Myers.

Read More: Another Broome County Cannabis Store to Open This Month | https://wnbf.com/another-broome-cannabis-store-open-this-month/?utm_source=tsmclip&utm_medium=referral

and...

New York Cannabis Control Board member Reuben McDaniel has resigned from his position following growing criticism over his alleged conflict of interest serving both on the board and as president of the Dormitory Authority of the State of New York.

https://www.syracuse.com/marijuana/2023/06/following-calls-for-accountability-reuben-mcdaniel-resigns-from-new-york-cannabis-control-board.html

Link to comment
Share on other sites

BINGHAMTON, NY – (WIVT/WBGH) 2 illegal pot shops in Binghamton and 3 in Ithaca were raided by the state on Wednesday.

The Office of Cannabis Management and the Department of Taxation and Finance visited Green Magic on Henry Street across from Mirabito Stadium and Takeoff 2 on Chenango Street, three in Ithaca (Black Leaf, Zaza Convenience, The Razzyesterday and issued notices of violation against both businesses.

11 shops in NYC were raided last week.

and...

Largest dispensary in NY opens today. The FlynnStoned Cannabis Company is the first in Syracuse with a license to sell state-sanctioned, highly regulated, tested and taxed weed.

https://cnycentral.com/news/local/syracuses-first-cannabis-dispensary-ready-for-newbies-to-weed

 

Link to comment
Share on other sites

Leave it to NY to make it more impossible to do business here. I'm not sure if I'm reading it right but.. obligated to already own a business, obligated to perform charity work with prisoners and obligated to somehow be connected to a nonprofit organization?

AS IF.  Good luck,minorities. Consider yourselves screwed over by the democrats again. 

This is why nobody wants to do business with Biden etal. There always has to be strings attached to your sweat, your time, and your labor. 

After reading that, I'm not going to say one word about any entrepreneurs out there. Now you know how the rest of small business in NYS feels. 

 

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...