Analyst Projects $7B New York Cannabis Market

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Cannabis Analyst On New York’s Market Potential In five to seven years, the New York recreational cannabis market could reach $7 billion in sales, Cantor Fitzgerald analyst Pablo Zuanic said in a Wednesday note, using the Colorado market as a benchmark. The bill enables adult New York residents to own up to 3 ounces of cannabis or 24 grams of cannabis concentrates and to legally buy recreational cannabis from licensed retailers. A Cantor Fitzgerald analyst says sales for the first year of recreational and medical cannabis will likely surpass the $2 billion mark. Out of seven publicly listed companies with existing operations in New York, Zuanic highlighted Curaleaf Hldgs Inc. By Nina Zdinjak New York became the 15th state in the U.S. to legalize recreational cannabis Wednesday with Gov.

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A Cantor Fitzgerald analyst says sales for the first year of recreational and medical cannabis will likely surpass the $2 billion mark.

By Nina Zdinjak

New York became the 15th state in the U.S. to legalize recreational cannabis Wednesday with Gov. Andrew Cuomo’s signature.

The bill enables adult New York residents to own up to 3 ounces of cannabis or 24 grams of cannabis concentrates and to legally buy recreational...

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