Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) released a New York Illicit Cannabis Market Absorption Analysis, in which it examines the state's current trajectory for achieving key goals outlined in the Marijuana Regulation and Taxation Act and the need to course correct to do so. The report also identifies the potential implications of its current adult-use draft regulations and demonstrates the importance of expanded access to more operators, including registered organizations, to the success and stabilization of New York’s legal cannabis market.
New York cannabis market is projected to be worth $5 – $7 billion, yet limited access to the regulated market is stifling growth and delaying the absorption of the illicit market. Acreage commissioned MPG Consulting, a strategic advisory firm in cannabis and hemp, to analyze the current reality of …