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A New York State cannabis trade group is sounding the alarm about the health of cannabis businesses throughout the state. “I see the market collapsing on itself,” Damien Cornwell, the president of the Cannabis Association of New York, told Green Market Report in a recent interview. The drastic situation is a nigthmare for everyone involved but particularly the farmers like the man you see here who is clearly suffering. The legal New York recreational marijuana market – which launched in December 2022 – is now on the financial brink, according to the president of one of the state’s larger cannabis trade organizations, who said a lot of license winners have been either flipping their permits or selling equity stakes just to get cash to continue operations. “There’s clearly a problem of inversion in the market, where outside products are finding their way through different partnerships and licensing deals to enter into New York state,” he said. “New York farmers are suffering from it.” You can read the this alarming story on the Green Market Report website. Click HERE. |