Spectrum News 1: Cannabis growers urge Hochul to sign bills amid supply chain concerns
Cannabis growers and processors want Gov. Kathy Hochul to act quickly on several bills to fix issues in New York’s recreational marijuana industry amid recent concerns about a dwindling supply chain and increased sales.
The governor has until the end of the year to sign or veto hundreds of bills that passed both houses of the Legislature, but license holders across the industry argue time is of the essence for related policy changes to take effect as the legal market struggles to get off the ground.
A Cannabis Association of New York survey released last week shows concerns are mounting about possible cannabis supply shortages as sales are expected to increase. The association in April warned OCM of issuing too many retail licenses in fear of flooding the market.
ABOUT CANY:
The Cannabis Association of New York is dedicated to serving as the premier Chamber of Commerce for the New York cannabis industry. Our mission is to promote the health and sustainability of the entire cannabis ecosystem in New York, fostering responsible growth and economic prosperity. Through advocacy, education, and collaboration, we aim to create a thriving and inclusive cannabis community that prioritizes the well-being of consumers, businesses, and the environment. Together, we strive to shape a future where cannabis is understood, respected, and integrated into the fabric of New York’s diverse economy.