The Cannabis Association of New York (CANY) released findings from a comprehensive survey of its membership, which spans every part of the cannabis supply chain. The survey found that while a significant majority are experiencing a supply crunch, they still expect sales to improve over the coming three months.
The survey, conducted the week that ended June 21, found that 71% of respondents said they expect sales to increase over the next three months, while 78% of dispensary owners said that they've often heard from suppliers in the last three months that they're limiting the amount of product that will be shipped, 66% of processors have often heard the same from cultivators, and 53% of cultivators said they've been unable to meet order requests in the last three months.
Interestingly, 48% of respondents said sales increased for them over the last three months, and 39% reported they remained the same. Just 13% saw a decline in sales over the period.
"It's clear the New York cannabis market continues to trend in the right direction and hope is on the horizon, however, we're also seeing concerns about supply, which if they continue could slow the progress we've seen," said Damien Cornwell, President of CANY. "These issues underscore the need for the state to undertake a data driven process that delivers licenses to the market in a way that provides for sustainable growth and a thriving market. We look forward to continuing to work collaboratively with the industry and policymakers to implement these solutions."
The slowdown in supply may be attributed to changes in cultivation practices. About 26% of cultivators in the survey reported planting less than last year, including 13% who didn't plant at all. Conversely, 45% said they planted more than last year and 29% said they maintained the same planting levels.
Of the 53% of cultivators who have been unable to meet order requests in the last three months, about 27% said they've often been unable to meet order requests and the remaining 26% said they've been unable to meet order on an infrequent basis.
In addition to the 71% of respondents who said they expect sales to increase over the next three months, 25% said they expect them to remain the same and just 4% expect a decline.
CANY remains dedicated to addressing these critical supply chain challenges and supporting the continued growth of the cannabis industry in New York. By fostering strong communication and collaboration between cultivators, processors, dispensaries, and policymakers, CANY aims to develop sustainable solutions that will ensure a steady supply of cannabis products to meet the rising consumer demand. As the industry navigates these hurdles, CANY will continue to advocate for the resources and infrastructure necessary to build a resilient and thriving cannabis market in New York State.
For more information:
CANY 
www.cany.org