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Conn. Outperforms N.Y. in Cannabis Sales


Two years after the legalization of recreational marijuana in Colorado, no one national formula has emerged to dominate sales state to state.

But speakers at a recent marijuana conference said that Connecticut has run the most successful program in the New York tri-state area.

“Nobody has figured out this business yet,” said Scott Giannotti, founder of the Cannabis and Hemp Association, which hosted the first annual State of the Cannabis Industry in Manhattan earlier this month. “Entrepreneurs and investors who want to invest in marijuana companies need to be flexible because there’s so many sudden changes in legalization that can happen at any moment.”

Some 551 New Yorkers have been certified to obtain medical marijuana as patients since the state’s legalization program launched in January.

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