The State’s Plan to License 4,700 Dispensaries Could Be the Nail in the Coffin for New York’s Legal Weed Market
New York’s cannabis market isn’t suffering from a lack of licenses — it’s suffering from a lack of strategy. With over 4,700 dispensary applications flooding the system and sales already declining, the state’s approach is setting the industry up to fail. This Cannabrite report breaks down the oversaturation crisis, with how licenses are being flipped for $500K on the black market, and makes the case for why real infrastructure — not more storefronts — is what this industry actually needs. Now is the time to