![]() With a cannabis license in hand, Jason is feeling optimistic, and thinks the state has chosen some smart policies to shepard farmers into a level playing field. Jason said, “Most farms I know, in 20 had to compost, burn, or till in their crops because there was just no market for it.” Then came the pandemic the general economic upheaval and supply chain imbalance of the COVID-19 pandemic just added salt to the wound. In 2018 Enfield Glen Hopyard split from its name and dove headfirst into growing CBD hemp, but an oversaturated national market created financial troubles for the farm. It’s really difficult to compete with the Pacific Northwest.” ![]() Jason began farming hops in 2016, when the crop was “the talk of the town and a hopeful emerging market in New York Unfortunately, hops never shaped up in New York. The national market for CBD cannabis followed that path, perpetuating a harsh streak in business for Enfield Glen Hopyard owner, Jason, who said he would prefer to not have his last name publicized. ![]() New York Hemp Oil founders Allan Gandelman (right) and Karli Miller-Hornick (left). The initial acreage limit, Gandelman says, should keep New York State from facing the issue of oversupply, which has caused THC cannabis farms in states like California to face dangerously low prices - a trajectory that farmers across the U.S. But Gandelman characterizes his farms as a small one - only growing between 30 to 40 acres - and believes that as the cannabis industry grows in New York, that state government should protect this budding sector from the pressures of overregulation and competition from “Walmart” and “Amazon” style “big weed” businesses, which undercut smaller competitors on price to squash competition. CBD does not come with the “high” associated with cannabis, which is caused by another compound, tetrahydrocannabinol, or THC.įew have had a better perch for understanding the growth of New York State’s cannabis industries than Gandelman, who is also the President of the New York State Cannabis Growers & Processors Association. CBD has been advertised and widely adopted as an over-the-counter remedy for relieving anxiety, depression, and soothing aching muscles in forms ranging from salves, tinctures, oils and even infused bed pillows. The licenses were given to farms in New York that had already built a business around growing hemp for cannabidiol, commonly known as CBD, which became legal to farm on a federal level in 2018. New York State is expected to announce another 50 licenses in the coming weeks. Of the initial 52 licenses, two of them have gone to farms in the Ithaca-area: Enfield Glen Hopyard, in Tompkins County and Main Street Farms, which is located in Cortland and has had a long established presence at the Ithaca Farmers Market. On April 14, the state released the first set of licenses allowing farmers to grow cannabis fit for adult-use recreation. With the spring arriving, a new industry is being planted in New York.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |