As state Sen.
While New York’s Department of Taxation and Finance has estimated that the state’s marijuana market could reach $3.5 billion a year, other analysts place the number as higher.
New York legalized recreational marijuana in March, but officials have just started developing the regulations that will create and govern a legal marketplace.
As the crowd churned through the carnival, stoner-classic tracks from the likes of Nas and Afroman echoed through the Armory’s interior while aerial silk artists from Aerial Acrobatics of Rochester performed high-flung feats off of a pyramid trapeze.
Vendors at the carnival hocked their wares under the guise of the so-called “gifting clause” in the state’s marijuana law.
Others see the chance to carve out standout businesses in areas of the cannabis market that will likely be highly competitive.
“What I hope we will see out of the cannabis industry is like the Kodak of years past,,” Cooney said.