New York's cannabis market seems to be flourishing, with increased dispensary openings and price drops, particularly in flower, concentrates, and vapes. However, this favorable outlook masks serious threats to local businesses. A surge of illicit out-of-state cannabis from states like California and Colorado is flooding the market, allowing for unsustainably low prices that licensed New York growers cannot match. This not only harms local economic investment but also erodes consumer trust, as shoppers believe they are buying quality local products when, in fact, many are not.
The recent headlines paint a rosy picture of New York's cannabis market: more dispensaries are opening, prices are dropping, and consumers are enjoying increased access.
A growing flood of out-of-state cannabis products...is entering New York's market...allowing some processors and wholesalers to offer cannabis at prices far below what New York's licensed growers can sustainably match.
This 'inversion' of supply chains allows certain nefarious operators to undercut authentic New York-grown products...threatening the very foundation of the legal market the state fought to establish.
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