New York’s recreational marijuana market is poised to begin with a bang — and the Cannabis World Congress & Business Exposition (“CWCBExpo”), which is being held at New York City’s Javits Convention Center, Hall 3A between 4-6 November 2021, is the ideal forum for education, business building and networking on this multifaceted industry. As of Sept. 21, 2021, adult New Yorkers are now able to possess up to three ounces of cannabis for recreational use or up to 24 grams of concentrated cannabis, such as oils derived from a cannabis plant (https://cnw.fm/1gF1p). With the state’s cannabis industry expected to begin licensed sales from around 2023 onwards, industry entrepreneurs have forecast the sector to generate up to $1.1 billion in revenues within its first year of operations (https://cnw.fm/LRIHo).
Cannabis decriminalization is set to lead to plenty of jobs and tax revenue; according to cannabis marketplace platform, Leafly Holdings Inc., up to 20,000 full time jobs are expected to be created within the first 18 months of legal sales, rising to approximately 60,000 positions within five years. Meanwhile, Leafly forecasts that annual sales for the sector will reach $3.5 billion in the five years post legalization, resulting in tax revenues of approximately $450 million for the state of New York.
The CWCBExpo, which has long established a reputation as a leading forum for dispensary owners, growers, suppliers, investors, medical professionals, government regulators, legal counsel, and entrepreneurs looking to achieve business success and identify new areas of growth, has positioned itself as the ideal starting point for entrepreneurs and investors seeking to establish a foothold in New York’s promising cannabis sector. Segmented into three daily sessions– covering “Where We Are Today”, “Challenges & Solutions” and “What’s Next?”, respectively, the conference will seek to address a number of pertinent issues surrounding the ongoing changes within the sector.
Topics to be covered include:
A full list of the presentation topics to be covered over the three-day event can be found at: https://cnw.fm/IJP8e.
In addition to the conference’s wide array of expert speakers and industry thought leaders, the summit will also play host to hundreds of exhibitors set to feature some of the industry’s latest innovations, products and services. Attendees will also be able to participate in an industry networking event, “Back-to-Business Celebration,” which will be held immediately post the first day of the CWCBExpo, wherein conference delegates will be able to network and further their interactions with their fellow peers.
For more information about the CWCBExpo, visit www.CWCBExpo.com.
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