Challenges Faced by Legal Marijuana Farmers in New York

Regulations by 2FIRSTS.ai
Dec.06.2023
Challenges Faced by Legal Marijuana Farmers in New York
Legalization of marijuana in New York leaves growers struggling to sell their harvest, causing financial stress.

According to a recent report by AFP, authorities in New York state granted Marcos Ribeiro the legal right to grow marijuana, leading him to believe he had hit the jackpot. However, when his marijuana plants flourished, he, like many other marijuana growers, was clueless about how to handle the harvest.

 

The farmer cultivating a strain of cannabis called "Blue Dream" in a greenhouse on New York Island has successfully grown plants that are lush and vibrant, with each plant yielding up to one kilogram of cannabis flowers.

 

After two years of marijuana cultivation, Marcos Ribeiro invested "hundreds of thousands of dollars" but the official marijuana market, expected to stimulate a market of billions of dollars, suffered a major setback.

 

All the marijuana buds have matured, but there is nowhere to sell them," he sighed. He is not the only one facing this dilemma. There are over 200 marijuana growers in New York State, but only 23 shops are authorized to legally sell marijuana. With over 20 million residents in New York State, extending all the way up to Canada, the figures reveal that around 1.6 million adults admit to having used this kind of mind-altering drug.

 

Local cannabis organizations have issued warnings, highlighting the potential financial strain that cannabis growers may face due to the inability to sell their output. Some even predict losses reaching millions of dollars.

 

To tackle this issue, the government of New York State has planned to issue at least one thousand licenses within the coming months. However, in response to market demand, some unlicensed vendors have also started selling marijuana, resulting in an aroma of cannabis permeating the air in New York State. In response, Marcos Ribeiro has taken the approach of shifting towards selling products related to marijuana oil, such as popular edible cannabis-infused chewing gum.

 

We want to provide relief to our marijuana growers," said John Kagia, Policy Director at the New York State Cannabis Control Office.

 

However, the current market situation seems to not have improved the dilemma faced by Marcos Ribeiro and other legitimate growers, as they are still waiting for viable market channels. In this uncertain scenario, the only option is to hope and strive to find a path for change.

 

Notice

1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.

2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.

3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.

Copyright

This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.

This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.