How Cannabis Executives Feel About New York State Legalizing Recreational Cannabis Use

New York Gov. Anthony Cuomo signed legislation legalizing recreational cannabis use in New York State on Wednesday, March 31. New York is now the 15th state to legalize recreational cannabis.   

Greenhouse Grower reached out to cannabis industry members to get their thoughts on how New York’s new law will affect growers. Here’s what two of them had to say. 

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CannGen has a meaningful market share of the New York medicinal market and is ready to support the additional cannabis businesses once recreational operators open their doors, says Charles Pyfrom, CMO of CannGen Insurance Services, provider of insurance products for cannabis growers. We are well-positioned to jump into any state’s new cannabis market, including New York’s, and provide both plant-touching and ancillary businesses with a one-stop shop for all of their insurance needs. We expect that one of the first things that New York cannabis business owners will seek out will be insurance coverage. 

 We applaud the New York State Legislature for voting to legalize recreational cannabis sales for adults over the age of 21, says Ryan Hale, Partner, and CSO at Operational Security Solutions (OSS), a cannabis-oriented security solution. This significant new milestone for the industry will bring hundreds of millions of tax dollars into the coffers of the Empire State, increase access to safe and high-quality cannabis for New Yorkers, and further solidifies that legal cannabis is here to stay on the East Coast. OSS looks forward to continuing to support New York and the East Coast cannabis markets. 

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