The cannabis industry has flourished in New York as more than 200 farms last spring received growing permits from the state. Since then, harvest is only now finishing up with hundreds of thousands of pounds of flower but nowhere to sell, according to Bloomberg .
A report via the Office of Cannabis Management (OCM), which oversees cannabis licenses, reveals stockpiles are quickly building across the farms. Estimates show stockpiles have topped 300,000 pounds, worth a whopping $750 million. “If farmers don’t get their harvest into stores soon, that near-billion-dollar revenue will eventually start to dwindle,” said Bloomberg. But how can […]
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