Times-Union<\/em>, officials in the state capitol say if marijuana was legal in New york, it would cost about $4500 a pound. That\u2019s compared to the average cost of $3500 a pound that is currently charged in Colorado.<\/p>\nThe reason for the $1000 difference is due to\u00a0taxes, housing and some of the nation’s highest energy costs.<\/p>\n
According to the report, power is a major expense for medical marijuana producers who raise their crops in “grow houses,” explained Megan Sanders<\/strong>, CEO of Gaia Plant Based Medicine, a Colorado firm that produces medical varieties of\u00a0pot.<\/p>\nSander testified Wednesday during a state Senate hearing on the medical marijuana industry. The hearing was conducted by Sen. Diane Savino<\/strong>, who’s been a leading voice on legislation to allow the use of medical marijuana.<\/p>\nSavino’s measure, co-sponsored by Assemblyman Richard Gottfried<\/strong>, is included in the Democratic-led Assembly’s budget resolution, which passed Wednesday\u00a0afternoon.<\/p>\n","protected":false},"excerpt":{"rendered":"ALBANY – The cost of medical marijuana in New York State isn’t going to be cheap. According to an article in the Albany Times-Union, officials in the state capitol say if marijuana was legal in New york, it would cost about $4500 a pound. That\u2019s compared to the average cost of $3500 a pound that […]<\/p>\n","protected":false},"author":22,"featured_media":8772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"Cost to Produce Medical Marijuana in NY Expected to be More Expensive than Colorado","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[3477,1498,3350,3476,3478],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2014\/02\/marijuana-feature.png?fit=332%2C190&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-2mM","jetpack-related-posts":[{"id":10960,"url":"https:\/\/www.wrfalp.com\/medical-marijuana-business-alliance-forms-in-albany\/","url_meta":{"origin":9100,"position":0},"title":"Medical Marijuana Business Alliance Forms in Albany","author":"WRFA Radio","date":"July 21, 2014","format":false,"excerpt":"ALBANY - A group of lobbyists for hopeful cannabis growers and dispensary owners started a business alliance on\u00a0Thursday. According to an article in the Albany Times Union, Medical Cannabis Industry Alliance of New York (MCIA) will serve as a clearinghouse for businesses and entrepreneurs who hope to enter New York\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2014\/02\/marijuana.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":28415,"url":"https:\/\/www.wrfalp.com\/as-borrello-outlines-his-concerns-to-governor-marijuana-legalization-may-not-be-dealt-with-in-state-budget\/","url_meta":{"origin":9100,"position":1},"title":"As Borrello Outlines His Concerns to Governor, Marijuana Legalization May Not be Dealt with in State Budget","author":"WRFA Radio","date":"February 1, 2019","format":false,"excerpt":"ALBANY - New York's Democratic lawmakers and Gov. Andrew Cuomo may not be able to hammer out a deal on legalizing adult-use marijuana in the next two months, according to Assembly Speaker Carl Heastie. A report from the Albany Times Union says on Thursday the speaker discounted the possibility of\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2019\/02\/Borrello-Albany.jpg?fit=497%2C289&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":29285,"url":"https:\/\/www.wrfalp.com\/marijuana-issue-wont-be-dealt-with-in-state-budget\/","url_meta":{"origin":9100,"position":2},"title":"Marijuana Issue Won’t be Dealt with in State Budget","author":"WRFA Radio","date":"March 21, 2019","format":false,"excerpt":"ALBANY - Governor Andrew Cuomo said that a bill legalizing marijuana - and the revenue anticipated from such a proposal - would not be included in the state's upcoming budget. However, the governor also is predicting that the state legislature would come to an agreement on pot by June. The\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2014\/02\/marijuana.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4686,"url":"https:\/\/www.wrfalp.com\/morning-news-discussion-on-decriminalizing-marijuana-continues-in-albany\/","url_meta":{"origin":9100,"position":3},"title":"MORNING NEWS: Discussion on Decriminalizing Marijuana Continues in Albany","author":"WRFA Radio","date":"March 13, 2013","format":false,"excerpt":"ALBANY - The effort to decriminalize the possession of small amounts of marijuana could see some action by the end of this month. The Albany Times Union is reporting today that the marijuana issue is among the non-fiscal items that could work their way into the state budget prior to\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37467,"url":"https:\/\/www.wrfalp.com\/recreational-marijuana-now-legal-in-new-york-state-for-adults-21-and-older\/","url_meta":{"origin":9100,"position":4},"title":"Recreational Marijuana Now Legal in New York State for Adults 21 and Older","author":"WRFA Radio","date":"March 31, 2021","format":false,"excerpt":"ALBANY - Recreational marijuana use by adults 21 and older in New York State is now legal. The New York State Senate and Assembly Tuesday night gave their endorsements to a bill to legalize marijuana. On Wednesday morning, Gov. Andrew Cuomo signed the bill, at which point possession of marijuana\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2014\/02\/marijuana.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":14660,"url":"https:\/\/www.wrfalp.com\/cuomo-calls-for-new-regulations-to-combat-synthetic-marijuana\/","url_meta":{"origin":9100,"position":5},"title":"Cuomo Calls for New Regulations to Combat Synthetic Marijuana","author":"WRFA Radio","date":"July 22, 2015","format":false,"excerpt":"ALBANY - Governor Andrew Cuomo is calling for stronger Health Department regulations to combat the sale of synthetic cannabinoids in New York State. The governor says the synthetic marijuana has resulted in a dramatic increase in hospital visits and poison control center calls. Synthetic cannabinoids are marketed as legal and\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2013\/06\/220px-andrew_cuomo_by_pat_arnow_cropped.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/9100"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=9100"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/9100\/revisions"}],"predecessor-version":[{"id":9101,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/9100\/revisions\/9101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/8772"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=9100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=9100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=9100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}