As New York’s cannabis industry enters its first major growth phase, a new report from Whitney Economics highlights the potential for the market to scale to $6 billion in annual sales within the next few years. Despite nearing $1 billion in annualized sales since adult-use legalization in 2021, only 15% of New York’s cannabis consumers […]
News from: New York, Cookies Retail, Tennessee, Compass Pathways and more. The Daily Hit is a recap of the top financial news stories for Thursday, October 31, 2024. On the Site Report: New York could be a $6 billion market in just two years The New York market has been impacted with the explosion of […]
Whitney Economics’ new report, focused exclusively on the New York market, strongly suggests that the state’s cannabis market will hit $6 billion in two years. Despite a difficult launch, New York now has more than 200 licensed stores open and is poised to deliver just under a billion in sales for 2024. That’s a 236% […]
The U.S. cannabis industry is poised for massive expansion over the next decade, which will require big money – as $130.7 billion – to fund it, according to a new industry report. But absent federal banking legislation and greater institutional involvement, the odds a sustainable source of capital panning out are slim. The study, conducted […]
