Page 5 - Seth Jacobs News Today

Marijuana growers in western states have also complained that low prices, tough competition from the black market, high state taxes and federal banking and exporting restrictions have made it tough for legal growers to make money

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The plight of farmers in New York is directly tied to the bumpy launch of the state’s recreational pot market.

Slow start to New York's legal pot market leaves farmers holding the bag | 2023-06-05 01:08:17

The state's failure to follow through on OK'ing dozens of dispensaries for legal marijuana as predicted by Gov. Kathy Hochul last year has thwarted the roughly 200 New York farmers who grew 300,000 pounds of cannabis -- the equivalent of more than 272 million half-gram joints.

New York pot farmers aren’t the only ones struggling with difficult economic conditions. Marijuana growers in western states have also complained that low prices, tough competition from the black market, high state taxes and federal banking and exporting restrictions have made it tough for legal growers to make money.

Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm.

Another growing season is underway and farmers still sitting on much of last year's harvest are in a financial bind.

Last fall, Gov. Kathy Hochul foresaw 20 new shops opening each month or so to start year. Instead, 1 store was open by the start of the year

BELLA VISTA -- The Bella Vista Public Library invites patrons to attend this springs continuing speaker series for adults entitled "Outdoors in Bella Vista."