by Anne McCloyWednesday, April 20th 2022
Read the full piece and watch the interview here.
New York State (WRGB) — New York was the 15th state in the country to legalize cannabis for adult-use when it did so in 2021, but it will still be a while until we actually see marijuana sales. Right now, retail sales aren’t expected to start until the beginning to middle of 2023 because of regulatory preparations.
Beak and Skiff, an apple orchard located in Lafayette, New York have applied for their license, expecting to be approved in the next round of approvals. Right now, the company sells apple products, hard apple cider and CBD infused products. The company won’t be selling cannabis straight to the consumer, they will be selling to distributors who will sell to retailers.
Beak & Skiff’s Chief Financial Officer Mack Hueber, explains why he believes what New York is doing will be worth the wait.
“I think what people fail to realize is New York is trying to do something different that no other state has, which is trying to build a market that prevents domination by just a handful of out-of-state cannabis companies. They really want to give the small and medium-sized companies a fighting chance, so that being said the reason I think the hold-up is they can’t just copy-and-paste regulations from other states that haven’t focused on small and medium companies,” Hueber said.
Marijuana was legalized in New York state last April. Hueber tells CBS 6 retailers have still yet to get licenses. He says licenses are supposed to go out in the next month or so and he is hoping retailers are up and running by the end of this year, in time for the first legal marijuana harvest. Hueber says you’ll have to purchase cannabis products through a dispensary.
There will be road blocks on where you can do so since hundreds of New York municipalities outlawed the sale of cannabis by the March deadline.