The Future of New York's Cannabis Industry: What's in Store?

As the number of cannabis dispensaries continues to rise in New York State, licensed Adult-Use Conditional Cultivators (AUCCs) are facing a crucial decision: whether to plant again this year despite the surplus of unsold products from the previous harvest. An informal survey conducted by NY Cannabis Insider sheds light on the intentions of these growers and provides valuable insights into the industry.

The survey, sent to nearly all 280 AUCCs, garnered responses from 32 licensees, offering a glimpse into the prevailing sentiment. While not statistically representative, all respondents expressed their intention to grow again this year or confirmed that they were already in the process.

According to Brittany Carbone, a licensed grower, founder of Tricolla Farms, and board member at the Cannabis Association of New York, this determination aligns with what she has been hearing within the industry. Carbone believes that the existence of an established market this year, with approximately 20 retail outlets currently operating and more on the way, is a driving factor behind growers' decisions.

However, while the intent to plant remains strong, many respondents indicated that they would be scaling back their operations compared to the previous year. For instance, Seth Jacobs of Slack Hollow Organics in Washington County stated that they would not maximize their acreage this year, as they already possess a surplus from last year's harvest and do not require additional crops for extraction purposes.

Conversely, some growers are expanding their cultivation endeavors. Mike Dulen, co-founder and CEO of A Walk in the Pines, revealed that they had commenced harvesting their first greenhouse crop of the year and had plans for an immediate follow-up crop. Additionally, they have planted over 7,000 outdoor plants and established a unique business model by leasing an additional outdoor acre from a licensed farm, enabling them to expand their operations and generate more revenue.

Overall, the general sentiment among growers is to focus on obtaining a fresh harvest, as selling last year's stock has proven challenging. With the anticipation of more retail outlets coming online, cultivators are hopeful that the increased demand will match their supply, paving the way for a thriving cannabis market in New York.

Photo Credit: gettyimages-tinnakorn-jorruang