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I had heard of Hall of Flowers for years, the cannabis industry’s hallmark event that has historically been held in California. They’ve been hosting large-scale fetes since 2018 and per their website,
Hall of Flowers is open only to exhibiting brands, licensed retail buyers, and tightly vetted entrepreneurs, investors, thought leaders and media. Allowing you to focus on networking, deal-making, product discovery and doing some serious market research.
And now, they were coming to New York for the first time.
This, to me, was a dream come true. As a native New Yorker who has a long history with the plant, I don’t know of many people who were more excited than I was when, back on March 31, 2021, my home state legalized adult-use.
And I don’t know many people who were more disappointed with how N.Y. rolled out the industry, other than the licensed medical operators who invested large sums of money to be in a position to service massive demand with safe and tested product.
^ instead, every corner store in NYC sells illicit, in many cases, dangerous products.
So, suffice to say, I was psyched to take a day away from my many screens to see for myself why the New York market has been so juiced. Per yesterday, in All Rise,
Some Folks Like to Get Away
New York’s legal cannabis market posted its strongest month ever in August, with dispensaries bringing in $214M in sales. The new record was a sharp increase vs. July’s $162M and June’s $153M.
August 2024 totaled $104M, showing how quickly the state’s industry expanded year-over-year, and the OCM is projecting $1.8B in sales for 2025—but that figure could climb (much) higher if …
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Author: Todd Harrison / High Times
