Since New York has legalized cannabis the state has been overall sluggish when it comes to implementing a market for recreational cannabis (MRTA).
For some background, Gov Andrew Cuomo and the Senate are still yet to agree on who will lead a cannabis board by the Marijuana Regulation & Taxation Act. However it has been difficult to find how to make a benchmark for the market.
If gridlock continues, Farmers will not be able to get plants in the ground in time for proper harvesting. This could be delaying two years of progress for the cannabis market. The marijuana infrastructure of New York is still very nascent and a new set of policies such as the proposed Schumer bill, this could put 50,000 jobs at risk of being lost.
“It would never make sense for us to create an industry at that point,” Gandelman said. President of NY Canabis Growes & Processors Association