• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Current price of oil as of July 13, 2026

3

Current price of silver as of Monday, July 13, 2026

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Current price of oil as of July 13, 2026

3

Current price of silver as of Monday, July 13, 2026
RetailCannabis

Absurd federal laws leave New York with too much weed and too few stores, Connecticut retailers with cannabis shortage

By
Pat Eaton-Robb
Pat Eaton-Robb
,
Michael Hill
Michael Hill
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Pat Eaton-Robb
Pat Eaton-Robb
,
Michael Hill
Michael Hill
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 6, 2024, 1:10 PM ET
Connecticut
Flags with a marijuana leaf wave outside the Connecticut State Capitol building, April 20, 2021, in Hartford, Conn. AP Photo/Jessica Hill, File
Add Fortune on Google for similar content.

Marijuana retailers in Connecticut say a dearth of licensed growers in the state’s fledgling legal pot industry has left them with a shortage of product to sell.

Recommended Video

The supply problem has appeared after slow retail growth in neighboring New York last year left growers there struggling with the opposite: an excess of supply.

It would seem both problems could easily be solved by shipping product a few miles over state lines. But that would violate federal drug laws. So each state that legalizes marijuana is left with its own process for licensing growers and sellers, and trying to create a balance between the two within state borders.

Benjamin Zachs, the chief operating officer of Fine Fettle, which operates five dispensaries in Connecticut, said he worries that low supply in stores is leading some customers back to their former, illegal dealers, and across state lines where he cannot go to get product.

When recreational sales became legal in Connecticut in January 2023, he said, there were seven dispensaries in the state and four producers.

“Now we’re a year later and there are 26 open dispensaries and only one more producer, grower, cultivator,” Zachs said. “And that’s a micro-cultivator, so that’s only about 5,000 square feet of additional canopy.”

The Connecticut Department of Consumer Protection, which regulates the industry, said it appears there is a temporary problem as new licenses for growers make their way through the pipeline. Eleven cultivators and five microcultivators, who grow in smaller spaces, have received a provisional license and are moving toward final licensure, the department said.

“As a new agricultural industry, there are natural fluctuations in supply and demand,” said Kaitlyn Krasselt, a department spokesperson. “The limited variety was exacerbated by increased demand over the holiday season, from Thanksgiving to New Year’s. Retailers experienced heavy traffic in relation to the holidays, and the record sales in our December data supports that.”

New York, meanwhile, is emerging from the exact opposite problem it faced while gearing up its legal cannabis market.

Lawsuits and bureaucratic issues slowed the opening of state-licensed dispensaries to a crawl last year. That left the first wave of pot farmers unable to sell much of their fall 2022 harvests because there were too few stores to sell what they grew. With revenue from sales crimped, farmers struggled financially.

New York belatedly hastened the pace of retail openings, and the state listed 61 adult-use dispensaries open statewide Monday. Farmers say the crisis has eased some.

“In the last month it is better because more dispensaries are opening. So we’re beginning to see some momentum to relieve what has been extraordinarily painful,” said Gail Hepworth, who operates Hepworth Farms with her sister in the Hudson Valley.

A check of stores in New York and Connecticut this week found similar pricing, with 3.5 grams of flower selling in each state for between $50 and $75.

Still, the irony of two very different supply chain problems striking adjacent states is not lost on farmers.

“It’s just so unlike any other market, right? Because it has to all be siloed within one state,” said Brittany Carbone, co-founder of Tricolla Farms and a board member of the Cannabis Association of New York.

Retailers are wary that the expected increase in supply doesn’t lead to a glut in Connecticut, as it did just across the border, Zachs said.

“To me, while this is frustrating and annoying and difficult to address, this is a problem that is not unexpected,” he said. “What generally happens in states is that at first there is not enough supply, and then there is an oversupply, and that creates a total mess.”

Still, he’s wary of any push for a national law and standard, which he fears would lead to large corporations taking over the industry from smaller farms.

“States are rightfully focusing on entrepreneurs in areas impacted by the war on drugs — Black and brown communities,” he said. “Even the largest cannabis growers right now are startups, I would argue. And the story of the regular American family farm is a cautionary one, I would argue, when we look at solutions to this.”

___

Hill reported from Altamont, N.Y.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Pat Eaton-Robb
See full bioRight Arrow Button Icon
By Michael Hill
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Retail

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Retail

ph
North AmericaDEI
How Pete Hegseth’s DEI order just put Scouting America’s future at stake
By Seth T. Kannarr, Derek H. Alderman and The ConversationJuly 13, 2026
11 hours ago
e
Arts & EntertainmentSocial Media
American influencers turn Erling Haaland into the World Cup’s breakout brand
By Kaitlyn Huamani and The Associated PressJuly 13, 2026
14 hours ago
German carmakers are suffering some of their worst declines ever in China as Q2 sales plunge 30%-41%
AsiaAutos
German carmakers are suffering some of their worst declines ever in China as Q2 sales plunge 30%-41%
By Chan Ho-Him and The Associated PressJuly 11, 2026
3 days ago
A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small
SuccessPublic relations
A 12-person PR firm represents De Niro, Pacino, and billion-dollar clients. Its founder says the secret is staying small
By Sydney LakeJuly 11, 2026
3 days ago
A $5 hair tie, a sold-out dress, cake and a fast-food order: How fans chase closeness to Erling Haaland, Taylor Swift and other celebrities
Arts & EntertainmentWorld Cup
A $5 hair tie, a sold-out dress, cake and a fast-food order: How fans chase closeness to Erling Haaland, Taylor Swift and other celebrities
By Mia OsmonbekovJuly 11, 2026
3 days ago
Raising Cane's counter with a goal soccer ball logo
RetailFood and drink
The Raising Cane’s co-CEO has seen those World Cup fans praising the chicken and sauce. He’s ‘pretty grateful’ to have ‘chicken fanatics’ worldwide
By Catherina GioinoJuly 10, 2026
4 days ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
2 days ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
20 hours ago
Current price of silver as of Monday, July 13, 2026
Personal Finance
Current price of silver as of Monday, July 13, 2026
By Joseph HostetlerJuly 13, 2026
20 hours ago
Trump embraces Australian retirement system backed by Larry Fink
Personal Finance
Trump embraces Australian retirement system backed by Larry Fink
By Brianna Sosa and BloombergJuly 12, 2026
1 day ago
How Pete Hegseth's DEI order just put Scouting America's future at stake
North America
How Pete Hegseth's DEI order just put Scouting America's future at stake
By Seth T. Kannarr, Derek H. Alderman and The ConversationJuly 13, 2026
11 hours ago
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
8 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.