Growing Cannabis is Officially Legal in New York State
Yes, you read that correctly. NY Governor Horchul just signed the Conditional Cannabis Cultivation Bill – allowing existing hemp farmers in NY to legally grow retail cannabis. Of course, hemp farmers must meet certain guidelines outlined within the bill. There are social equity requirements and requirements regarding good environmental practices, among others.
Related: Curaleaf Launches New York State’s First Medical Cannabis Flower Products
On the news, Governor Horchul states: “I am proud to sign this bill, which positions New York’s farmers to be the first to grow cannabis and jumpstart the safe, equitable and inclusive new industry we are building”
Of course, the new bill does have downsides. Admittedly, Conditional Cannabis Cultivation Licenses is limited to 2 years, limited to 1-acre and does not allow for CEA-style indoor growth – only outdoor/greenhouse grows are allowed. This is less than ideal as we know the best cannabis is grown indoors under strict environmental conditions.
We anticipate plenty of demand for retail cannabis in NY in the coming years. Which MSO cannabis stocks will benefit? Sign up for our weekly newsletter in the margin on the right to stay on top of the best cannabis stocks to invest in for huge potential profits.
Related: New York Legalization: Which Cannabis Stocks Will Profit?
Growing Cannabis is Officially Legal in New York State
About Cannin: Your Cannabis Stocks Resource
78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.
Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. In fact, we aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021.
Use Cannin as your resource for:
Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Wait, is it too late to invest in marijuana stocks? No, this is the perfect time to invest.
Are you looking to buy stock in hemp companies or marijuana companies for 2021? If so, are you interested in new penny hemp stock companies? Or, looking for the best Canadian cannabis stocks to invest in? Maybe, you’re looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.
If so, are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?
Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.
- +34% Gains in 2022
- +56% Gains in 2021
- +30% Gains in 2020
- +49.8% Gains in 2019
- Backtested since 2012
In fact, we’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one week risk-free trial to see it for yourself.
Profit from the best cannabis stocks – we’ll show you how at cannin.com.
