NY Cannabis Market Soars To $654M But Equity Licensees Are Left Behind, Report Finds
Portfolio Pulse from Franca Quarneti
New York's legal cannabis market has reached $654 million in sales, but social equity licensees face challenges. A report highlights issues such as unlicensed operators and financial obstacles for equity businesses. Only a few medical marijuana operators, including Curaleaf, have entered the adult-use market.
October 03, 2024 | 11:45 pm
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NEUTRAL IMPACT
Curaleaf Holdings Inc is one of the few medical marijuana operators that have entered the adult-use market in New York. The slow transition of medical operators to adult-use could impact Curaleaf's market position.
Curaleaf is mentioned as one of the few companies transitioning from medical to adult-use cannabis in NY. This slow transition could impact its market share, but the overall market growth is positive.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70