New York is shaking up its legal marijuana market with new competitors

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New York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores

Alex Silecchia, left, a marijuana"budtender," also known as a sales associate, serves a customer at States Cannabis Company dispensary, Friday, Sept. 29, 2023, in New York. New York is set to dramatically expand its legal weed market and issue more than 1,000 new licenses starting early next year, with a priority on retail.

“My concern is that they have all the money to bleed us out,” said Coss Marte, whose opening of CONBUD dispensary in Manhattan was pushed back by a lawsuit against state regulators. “They’re vertically integrated. So now what they could do is ... grow their own product at the cheapest price and basically outbid all the farmers, all our products and all our pricing.”

“They’ve failed miserably in providing the justice-involved individuals the kind of head start, the kind of foothold, in the market that they promised," Fluellen said. Curaleaf will be able to double the size of the facility’s canopy to 64,000 square feet, or about 1.5 acres , if the market dictates, said Joe Holland, an executive vice president.

 

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After troubled start, New York is shaking up its legal marijuana market with new competitorsNew York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores.
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After troubled start, New York is shaking up its legal marijuana market with new competitorsNew York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores. State regulators last Wednesday opened a 60-day window to accept general applications to grow, process, distribute and sell pot. They expect to issue more than 1,000 new licenses starting early next year, with a priority on retail.
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After troubled start, New York is shaking up its legal marijuana market with new competitorsNew York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores
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After troubled start, New York is shaking up its legal marijuana market with new competitorsNew York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores.
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