You are here

Home 🌿 Marijuana Business News 🌿 WHY IS NOBODY INVESTING IN NEW YORK'S BRAND-NEW MEDICAL-WEED INDUSTRY? 🌿

WHY IS NOBODY INVESTING IN NEW YORK'S BRAND-NEW MEDICAL-WEED INDUSTRY?

Submitted by Marijuana News on Thu, 08/20/2015 - 22:23

It turns out the so-called “green rush” that was expected in the wake of New York's legalization of medical marijuana may not be much of a rush after all.

 

Since the New York State Department of Health in July selected five winning companies to receive the coveted licenses to grow medical cannabis, investors have been scouting opportunities for green. Based on data from other states, cannabis industry consulting firm GreenWave Advisors has predicted that medical marijuana sales in New York could exceed $240 million in the first year. But the state’s heavy restrictions on the medical marijuana program make investment opportunities pale in comparison to places like California or Colorado.

“Most New Yorkers don’t really have that much opportunity to invest in the cannabis industry as far as touching the plant,” says Eddie Miller, CEO ofInvestInCannabis.com, which educates investors about the risks and opportunities in the cannabis...

Rate this article: 
Region: 
New York
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
http://www.villagevoice.com/news/why-is-nobody-investing-in-new-yorks-brand-new-medical-weed-industry-7517250

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.