Medical Marijuana Giants Lambaste NY Gov. Hochul For Weed Rollout Mess, Seek Licenses To Sell Recreational Weed
Portfolio Pulse from Maureen Meehan
Four major medical marijuana retailers in New York, including Curaleaf Holdings, Inc. (CURLF), Green Thumb Industries (GTBIF), and Acreage Holdings (ACRHF), have written to Gov. Kathy Hochul, urging her to issue them licenses to sell adult-use cannabis. The companies argue that the state's current licensing process is endangering New Yorkers and hurting taxpayers, while illicit weed sales continue to thrive. They suggest that issuing them licenses would more than double the number of adult-use marijuana dispensaries and help other cannabis sellers.
September 04, 2023 | 3:45 pm
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Acreage Holdings is seeking a license to sell adult-use cannabis in New York.
If granted a license, Acreage could potentially increase its market share and revenues. However, the outcome is uncertain due to ongoing legal and regulatory issues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Curaleaf Holdings, Inc. is seeking a license to sell adult-use cannabis in New York.
If granted a license, Curaleaf could potentially increase its market share and revenues. However, the outcome is uncertain due to ongoing legal and regulatory issues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Green Thumb Industries is seeking a license to sell adult-use cannabis in New York.
If granted a license, Green Thumb could potentially increase its market share and revenues. However, the outcome is uncertain due to ongoing legal and regulatory issues.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100