New Yorkers In A Bind As Top-Shelf Cannabis Supply Falls Short, Could Home Cultivation Help?
As New York’s cannabis industry gains momentum, retailers and processors face a major challenge: a shortage of high-quality, locally grown cannabis flower. Despite the opening of numerous retail stores, which has significantly driven up demand, the supply has not kept pace, leaving many to struggle in sourcing premium products.
Why Is There A Shortage?
“The shortage problem is real, and it’s going to persist,” Kate Miller, owner of Peregrine Toke in Sharon Springs, told NY Cannabis Insider. This shortage is largely due to many growers scaling back or ceasing production altogether following a series of botched dispensary rollouts and the failure of farmer assistance bills to receive approval from Governor Kathy Hochul, says Miller. This has left retailers scrambling to meet consumer expectations without sufficient product.
Regulatory Hurdles And Preference For Indoor Cannabis
Compounding the issue, regulatory missteps have discouraged farmers from increasing production, fearing further market instability. “Farmers were wary about sinking more resources into an …