NY Medical Marijuana Producer, Etain Expands to California

In another sign of the cannabis industry’s expansion, a NY medical marijuana producer, Etain has expended into California.  Crain’s reports today that Etain has expanded into California, where they will compete in both the medical and recreational marijuana markets. Etain’s COO, Hillary Peckham said “We always planned to expand outside of New York, and this was the right timing for Etain to manage that,” adding that “it was a good fit in terms of the partners out there.”  Etain will apply for a manufacturing license within six weeks and hopes to be operating on that license in the next six months. They should be able to bring marijuana to market sooner than that though by borrowing an Etain partner’s license.  Recreational marijuana became legal in California on January 1, 2018. NY does not make it easy for patients to get medical marijuana and the products available are the most regulated in the nation and accordingly, some of the most expensive in the nation.  It will be interesting to see what happens to medical marijuana when recreational marijuana is legalized in NY.  One would think that if the recreational marijuana is more affordable, then medical marijuana will take a hit – pun intended. …