Cannabis growers who have been unable to sell thousands of pounds of crops they cultivated last year received some hope last week when the Legislature passed a bill that would allow the sale of the stockpiled cannabis to tribal nations.
The measure is one of multiple initiatives the state has been undertaking to try and turn around the struggling retail cannabis market, which has seen just a dozen stores open across New York since the drug was legalized two years ago.
More than 200 licensed cultivators grew cannabis in New York last year, and about 80 of those farms produced “significant” amounts of cannabis — roughly 300,000 pounds.
“The lack of cash flow has caused severe financial hardships, putting this year’s crop at risk,” Assemblywoman Donna Lupardo said Monday. “We hope the governor will quickly approve this one-time, short-term solution by allowing sales to tribal nations.”
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