Business Of Cannabis: New York Conference To Bring Industry Leaders Together This November

Amidst a period of profound transformation in the cannabis market, New York emerges as a pivotal nexus of investment, innovation and regulatory recalibration. In this context, the upcoming Business of Cannabis: New York Conference, scheduled for November 3, 2023, will bring together a distinguished cohort of more than 400 entrepreneurs, investors and operators in the cannabis industry, amidst the recent adult-use regulations that herald a new epoch of fiscal influx into a market forecasted to burgeon into a $7.2 billion industry by 2026 – according to the Global Cannabis Report by Prohibition Partners.

Despite the formidable challenges and a lingering court injunction that impedes numerous Cannabis Adult Use Retail Dispensaries (CAURD) from advancing their endeavors, the New York cannabis market is poised to navigate through its complexities. Key stakeholders and operators, including Dai Truong, managing director of Arlington Capital Advisors, ponder the path ahead: "How can CAURD operators stand out with Registered Organizations (ROs) now entering the market? Independents need to move faster to compete with ROs entering the adult-use markets soon."

The Business of Cannabis: New York conference illumines the path ahead, spotlighting market trends, regulatory shifts and investment opportunities, while concurrently weaving together the pivotal tenets of retail, policy and investment that underpin the industry's vitality. Attendees, comprising a mix of industry stalwarts and nascent entrepreneurs, are set to gain invaluable insights from celebrated CEOs, policy architects and seasoned professionals.

Vladimir Bautista, CEO and co-founder of The Happy Munkey echoes a resilient sentiment shared by many CAURD licensees: “In spite of the hurdles constantly thrown in front of us, we will continue to pursue our dream of opening our dispensaries and are doing everything we can to make it a reality for us and the other CAURD licensees."

With a strong presence of financial and investment professionals, the conference presents fertile ground for the exchange of ideas and forging connections with investors keen on capital deployment in this booming sector. David Hess, co-founder and president of Tress Capital, encapsulates the enthusiasm and strategic importance of the New York market: "New Yorkers have always had an insatiable appetite for cannabis. We are blessed, privileged and very excited to help build out and support New York's cannabis ecosystem."

Comprehensive programs encompassing regulatory updates to ensure that businesses adeptly navigate the shifting regulatory landscape, workshops that delve into the nuances of cannabis cultivation, retail and distribution and other topics are all on the menu. With participation from industry giants and policy influencers including X (formerly Twitter), Uber UBER, the New York Office of Cannabis Management and Bloomberg, the conference is poised to craft a seminal chapter in the annals of the cannabis industry's evolution.