Adult-use cannabis market off to slow start but holds high potential

Several large, local cannabis firms have reported strong results in the second quarter, but New York has not played a big part in their growth despite recreational use of the drug becoming legal in the state in March. New York has moved slowly in order to ensure an equitable marketplace, experts say, but when those checks are resolved, its market potential is expected to surpass that of its neighbors.

“Different states that are transitioning from only medical use to adult use are finding their rollouts happening at difference paces, despite what their potential market sizes could be,” said Kelly Nielsen, vice president of insights and analytics at BDSA,

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