Two prominent New York cannabis industry associations disagree about whether regulators should accelerate the issuance of retail licenses in the state.
The Cannabis Farmers Alliance sent a letter to Gov. Kathy Hochul’s office pleading for “immediate and decisive action” to relieve cultivators of the massive glut of unsold marijuana that many are grappling with because of the slow rollout of the state’s adult-use program, according to Spectrum News 1.
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“These farmers, central to the cannabis supply chain, have endured overwhelming financial losses, with a staggering 97% of them operating at a loss,” the letter notes.
The memo was in response to a Cannabis Association of New York letter to the state’s Cannabis Advisory Board urging the agency not to increase the number
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