Cannabis farmers in New York waiting for the state to roll out licenses to sell weed have stocked up $750M of the drug and currently have nowhere to sell it, according to a new report.
According to a report in Bloomberg, growers have nearly 300,000 pounds of the drug waiting to be sold to customers statewide but are still waiting on the state's Office of Cannabis Management to approve retail dispensaries.
"The goal is to open dispensaries by the end of this year."
— Aaron Ghitelman, spokesperson for the New York Office of Cannabis Management
So far, no legal weed dispensaries have opened in New York, although police in New York City have been cracking down on a plethora of unlicensed, illegal ones that have opened since marijuana was legalized in New York.