Proposed MMJ licensees concern New York’s existing companies
By Omar Sacirbey
Medical marijuana businesses in New York are hopeful that recent and proposed changes to the state’s medical cannabis program will increase patient numbers and boost sales.
But the five existing companies, currently operating below their capacities, worry those gains could be negated by plans to allow newcomers to enter the market.
“Adding new registered organizations will divide up the patients even more. They need to fix the demand side first and then adjust supply,” said Jeremy Unruh, general counsel at PharmaCann, one of the five registered MMJ organizations that are licensed to grow, produce and dispense
Proposed MMJ licensees concern New York’s existing companies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs