The cannabis industry in New York is booming, and with it comes an influx of cultivators growing weed in the Empire State. But while this is great news for cannabis enthusiasts, it has created a problem for growers: they have too much weed on their hands and not enough customers to buy it.
The issue of overproduction is not unique to New York, but the state’s strict regulations have made it particularly difficult for cultivators to find buyers. In New York, medical marijuana is the only type of cannabis that is legal, and the state only allows 10 dispensaries to operate. This means that there is a limited number of outlets for cultivators to sell their product, and the competition is fierce.
To make matters worse, the state has imposed strict testing requirements on cannabis products, which can be costly and time consuming for growers. This has caused many cultivators to abandon their crops, as they cannot afford to comply with the regulations.
Fortunately, technology is helping to solve this problem. Companies like Flowhub and LeafLink are developing software solutions that help cultivators connect with retailers and manage their inventory. These platforms enable growers to track their inventory in real-time, and they make it easier for them to find buyers.
Flowhub’s platform also allows cultivators to access data about their customers, so they can better understand their target market and tailor their products to match their needs. This helps them to avoid overproducing and wasting their resources.
In addition to these software solutions, the cannabis industry is also using blockchain technology to streamline the supply chain. Companies like ParagonCoin and Budbo are using blockchain to create a secure and transparent system for tracking cannabis products from seed to sale. This technology helps to ensure that products are safe and compliant with regulations, and it also makes it easier for cultivators to find buyers.
The cannabis industry in New York is growing, and with it comes an influx of cultivators. However, this has created a problem for growers: they have too much weed on their hands and not enough customers to buy it. Fortunately, technology is helping to solve this problem, as software solutions and blockchain technology are making it easier for cultivators to connect with buyers and manage their inventory.