We’ve seen this all before
GMR report
New York’s 278 licensed adult use cannabis cultivators have not had an easy time the past year, and at least three have already exited the market, said Tess Interlicchia, the owner of Grateful Valley Farm.
“They’re really suffering pretty badly,” Interlicchia said of the New York marijuana farmers overall. “Two folks that I know of already lost their farms, and one relocated out of state. A lot of people are taking on investors … but then they’re not calling the shots anymore.”
Interlicchia said that the vast majority of cannabis farmers are still sitting on their harvests from last year, unable to sell crops or get paid for biomass that flower was converted into, primarily because of a lack of legal retail options – there are just 23 licensed dispensaries now operational, with a backup of 22 farmers markets, that are attempting to sell more than half a million pounds of cannabis from last year’s harvest.
That’s led her – and many others – to return to the grind of day jobs in order to pay bills and feed their families until the cannabis market actually takes off.
Read full story
https://www.greenmarketreport.com/some-new-york-cannabis-farmers-already-exiting-the-market/
