MMNFF - A 2024 Investor Guide To New York's Cannabis Market Expansion: The MSO Wealth Roadmap | Benzinga
Considering the significant growth potential in New York's cannabis market and the strategic positioning of Multi-State Operators (MSOs) highlighted in Zuanic & Associate's latest report, how might investors capitalize on these burgeoning opportunities?
New York State's Cannabis Market: An Overview
The state may open more than 1,000 recreational stores, considering the current 31 stores, 400 Conditional Adult-Use Retail Dispensary (CAURD) licensees and additional applications.
This expansion offers substantial opportunities for entities with the resources and capacity for wholesale trade.
Current medical incumbents, comprising 10 MSOs, can enter the recreational market by paying a total of $20 million.
Estimations in Zuanic’s report suggest New York could house up to 600 stores based on California's density, or potentially more than 3,600 stores if it follows Colorado's model.
The Potential for MSOs in New York
The outlook for Multi-State Operators (MSOs) in New York presents a complex scenario, as explained by Zuanic.
While oversupply and tough economic conditions in markets such as California and Michigan could temper enthusiasm, the unique regulatory environment and current challenges in capital access in New York may work in favor of MSOs.
Pablo Zuanic, ...