New York's fledgling marijuana market doesn't have enough licensed retailers to sell the 300,000 pounds of cannabis grown by the state's farmers, who are feeling a financial pinch because they can only legally sell their product in dispensaries.
June 4, 2023 GMTLast seasons plant stalks are seen at Seth Jacobs' marijuana planting field at his Slack Hollow farm in Argyle, N.Y., Friday, May 12, 2023. Farmers growing New York's first legal adult marijuana crop are having trouble moving product because there's only a dozen licensed dispensaries statewide to sell to. Last seasons plant stalks are seen at Seth Jacobs' marijuana planting field at his Slack Hollow farm in Argyle, N.Y., Friday, May 12, 2023.
ARGYLE, N.Y. — Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm.The 700 pounds of pungent flower was harvested last year as part of New York’s first crop of legally grown pot for recreational use. He also has roughly 220 pounds of distillate. Months later, there are only a dozen licensed dispensaries statewide to sell what Jacobs and more than 200 other farmers produced.
Now, another growing season is underway and farmers still sitting on much of last year’s harvest are in a financial bind. “We are really under the gun here. We’re all losing money,” Jacobs recently said at his farm on rolling land near the Vermont border. “Even the most entrepreneurial and ambitious amongst us just can’t move much product in this environment.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘New York, New York’s’ Colton Ryan is literally lighting up the cityColton Ryan is still getting used to spotting his image on street lamp flags throughout Times Square and the theater district. The leading man in “New York, New York” was nominated for …
Read more »
Dozens killed and over 300 injured in three train crash in India | CNNApproximately 50 people are thought dead and hundreds injured after three trains collided in India on Friday evening, according to a local official.
Read more »
Death toll from three-train crash in India nears 300Horrific three-train collision in eastern India's Odisha state leaves at least 288 people dead and over 900 injured, officials say — the South Asian country's deadliest rail accident in more than 20 years
Read more »
Indian train collision death toll nears 300, another 850 injuredThe death toll from the collision of two Indian passenger trains in Odisha state has surged to 288 and more than 850 are injured, a state government official told AFP on Saturday, making the rail accident the country's deadliest in more than two decades.
Read more »
Pima Medical Institute graduates more than 300 students FridayMore than 300 students received their diplomas in various healthcare programs including nursing, pharmacy technician, and occupational therapy.
Read more »
Desperate search for survivors as death toll nears 300 in India train crash | CNNRescuers in India are scrambling to find survivors after a crash involving three trains killed hundreds of people in one of the worst rail disasters the country has ever seen.
Read more »