Massachusetts cannabis stores not worried about competition from New York yet
Lukas Southard reports in the Times Union about how New York legalizing recreational cannabis will affect the stores who have been selling pot legally for the past four years across the border in Massachusetts. Erik Williams, chief operating officer of Canna Provisions in Lee estimates that about 25 percent of their customers present New York state identification. While marijuana is currently legal in New York, there is still a federal prohibition against bringing it across state lines. Stores across the border will not lose many New York customers soon, as the state is a year or two away from opening retail shops. When there is competition, New York's cannabis will be slightly cheaper. New York’s sales tax will be 13 percent on cannabis products, while Massachusetts currently charges 17 percent, plus a three percent local option for towns and cities. Shoppers will also have more options about what to buy when New York stores open. “The biggest new category that we've been working on is infused beverages and I think that's going to be very popular,” said Brandon Pollock, co-founder and CEO of Theory Wellness in Great Barrington. “There's a company that just got permission to start making infused ice cream, so you will see a lot of fun niche opportunities for entrepreneurs.” Read more about this story in the Times Union.