Investors Not Exactly Stoked About New York’s MMJ Market

Companies spent millions of dollars combined trying to win one of New York’s five coveted medical marijuana business licenses, but investors aren’t exactly bullish on the market’s potential now that permits have been awarded.

Many institutional investors are concerned with state limits on the MMJ industry in New York, expressing concerns that each licensed company can only have four dispensaries statewide (for a grand total of 20 storefronts) and that the qualifying medical conditions list is relatively short.

“We believe it’s going to be an extremely limited market,” the CEO of Invest in Cannabis told

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Investors Not Exactly Stoked About New York’s MMJ Market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs