President Trump is set to announce a tariffs plan impacting imported goods, termed "Liberation Day." These tariffs are anticipated to drive up costs in various sectors, especially affecting the cannabis industry in New York City. Although cannabis is grown in-state, tariffs on agricultural supplies, packaging, and components for products like vapes are increasing operational costs for growers. As a result, consumers may soon face higher prices for cannabis products, alongside rising costs for everyday goods such as groceries and construction materials.
Growers are bracing for a loss not because the tariffs are skyrocketing the cost of the plant itself, but for their impact on the price of compost used for fertilizer.
The cost of the components used to make those sleek little vapes has increased by 22% over the last year, hitting consumers especially hard.
Collection
[
|
...
]