Yes, the pot is legal.But it’s also lacking in New York and New Jersey

In New York and New Jersey, competition for growing legal weeds continues.

Orange County, New York, plans to build a cannabis cultivation and processing facility on the site of an abandoned state prison.

About 25 miles south of the New Jersey border, an industrial park that once belonged to a large pharmaceutical company has been converted into a larger marijuana cultivation center.

In Winslow, New Jersey, a new indoor growing facility celebrated its first harvest about 30 miles from Philadelphia.

The emergence of legalized adult marijuana in New York and New Jersey is a business dream and potential markets in densely populated areas will be $ 6 billion in 5 years.

However, the rush to plant plants in the ground at factory-style manufacturing facilities underscores another fundamental reality of the New York metropolitan area. Legal marijuana is already in short supply.

New Jersey Medical Marijuana Market 10 Years Ago According to industry lobbyists and state officials, the supply of dried cannabis flowers, the most potent part of women’s plants, is seldom met. As the pandemic started, it became even rarer as demand exploded, patients and business owners said.

From March last year through this spring, the supply gap narrowed as inventories of flower and plant extract products more than doubled across the state. Still, patients and owners say pharmacies often run out of popular stocks.

Chief Executive Officer of the Harmony Foundation in Secaucus, New Jersey, Cannabis Trade Association. “There is little wholesaling. When we harvest, we take it straight to retail. “

Harmony bought Merck’s old property in Lafayette, New Jersey late last year and is awaiting permission to begin construction, Brodchandel said.

Marijuana products sold in each state must also be grown and manufactured there, as marijuana is illegal under federal law and cannot be transported across state lines.

The Bundesbank law makes it almost impossible for cannabis companies to obtain traditional financing, creates high hurdles for small start-ups and offers integrated advantages for multilateral and international companies that dig deep into their pockets. To produce.

Oregon After marijuana was legalized six years ago, thousands of grow licenses were issued. Excess cannabis. But many other 16 states where non-medical marijuana is currently legal, production is growing slowly to meet demand, and is facing supply shortages similar to New York and New Jersey.

“There is always a shortage of flowers in new markets,” said Greg Rochlin, chairman of the northeast division of Terr Ascend, a cannabis company operating in Canada and the United States, in New Jersey for the 17th time this month. We have opened a marijuana clinic for you.

In New York Medical’s marijuana program, which is smaller than New Jersey and more restrictive, the product menu includes oils, tinctures, and finely ground flowers that are suitable for vaporizing. However, the sale of loose marijuana sprouts for smoking is banned, and only 150,000 of the state’s 13.5 million adults over the age of 21 are enrolled as patients.

Due to the moderate demand, there was hardly any incentive to increase the supply. until now.

Industry experts predict that adult marijuana sales could begin in New Jersey within a year and New York by early 2023.

“I’m stupid not to make this product,” said Ben Kovler, founder and general manager of Green Thumb Industries, a cannabis company that operates in both states.

“We don’t have that much in stock,” he said. At this moment the demand for “tsunami” is imminent. “It is likely that there is not enough supply,” said Kovler.

He said his company is awaiting final approval from New York to begin construction of a former men’s prison in Warwick, New York. Mid-Orange Correctional Facility, which closed in 2011.

Competitor Citiva New production site there. Cannabis test laboratory and CBD extraction facility, urbanXtracts, already exist.

“We call it a cannabis cluster,” said Michael Sweeton, Warwick City Director.

“It’s an ironic definition,” he said. Correctional Facility During the war on drugs it grew rapidly, imprisoning 750 men at a time and providing 450 jobs.

New York officials say cannabis farmer will play an important role in efforts to produce enough cannabis to meet expectations once it becomes one of the largest marijuana markets in the country.

With low overheads and low carbon emissions, cannabis growers who grow cannabis for specific uses can potentially cut the price of home furnishings for at least part of the year. Officials said. Hemp, which contains the much less intoxicated chemical in cannabis, THC, is used to make CBD oil.

New York law also allows individuals to grow up to six marijuana plants for personal use. New Jersey law does not allow so-called native products.

In the coming months, both states are expected to enact regulations to regulate new industries. Anyone legalizing social justice is essential. Most of the expected tax revenue was devoted to a color community that was disproportionately damaged by inequality in the criminal justice system.

Officials from New York and New Jersey are trying to balance the goal of building a social and racial equality market with the inherent control of multinational corporations early on in the area. Said it was important.

Norman Billenbaum, director of the New York Cannabis Program, said of 10 medical marijuana companies that have already been licensed to do business in the state: “They have the ability to help the market grow rapidly. Should be. “But it shouldn’t come at the expense of new entrants,” he said.

Jeff Brown, who heads the New Jersey cannabis program, said the market has room for newcomers and a critical need.

The current operator of the state said, “It will not be able to serve the personal market on its own.”

The issuance of 20 new drug licenses has been delayed by more than a year. Lawsuits, and some of the current 12 operators are taking the time to take full advantage of their expandability, Brown said.

This sets a cap on the amount of cannabis that can be sold to patients in a single visit. Lines entering stores and reinforced by Covid-19 regulations are common.

Ken Walski, a retired nurse who runs the Medical Cannabis Union, a nonprofit advocacy group, said, “And this is very frustrating for the patient.”

Supply chain challenges have become a new priority in New Jersey. In New Jersey, the state’s medical marijuana dispensary is expected to be the first place adults can legally purchase cannabis without a doctor’s permission.

First, however, the clinic must demonstrate that there are sufficient patients and facilities that can adequately serve both types of customers.

The New Jersey market has grown since 2019 when Democratic Governor Philip D. Murphy approved the major. Expansion of the medical marijuana program under its predecessor, Republican Chris Christie, it declined.

The number of clinics has tripled. Brown says 500,000 plants are currently cultivated across the state, up from 50,000 in 2018.

In March he said he had £ 20,000 worth of cannabis products available in New Jersey, up from £ 8,000 the previous March.

Still, flower price in New Jersey we’re hovering between $ 350 and $ 450 an ounce before we give a discount. In California Average Price According to the frequently quoted price from weed.com, an ounce of premium marijuana was about $ 260. Price list ..

“Popular products are gone and the prices are still higher than we want them to be,” said Brown. “The key to everything is increasing competition.”

Last month, Curaleaf, which operates a pharmacy and two grow facilities in New Jersey, lifted the 0.5-ounce limit on flower sales after high yields at Winslow’s new indoor grow facility, the company’s regional president said. Patrick Johnson said. For the seven northeastern states.

Also Workers Large Cultivation Plant In Boonton, New Jersey, operated by Terr Ascend, hundreds of plants were placed in a pile of coconut carp in early 2021 and began a four-month growing and drying process. Hierarchical platforms are currently filled with rows of light green and purple vegetation.

Terr Ascend’s new clinic in Maplewood, New Jersey started hiring customers within hours of opening earlier this month.

One of the first in line, Stuart Zakim, told the cashier (the “Batender”) about a replacement for the product he had requested first, but which was supposed to be out of stock.

“You no longer wait in the dark for your dealer,” said Zakim, a longtime medical marijuana patient. “You are entering a beautiful facility.”

“The supply problem is really the biggest problem,” he added.

Yes, the pot is legal. But it is also missing in New York and New Jersey

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