Join the Hudson Valley Venture Hub and Upstate Capital to experience an incredible transformation in Warwick, NY, once a prison, now houses an array of industrial development, including a growing cluster of cannabis-based businesses. UrbanXtracts’ unique space makes use of an old grain silo as a conference room and features state-of-the-art indoor greenhouse technology alongside bespoke manufacturing, packaging, and distribution in a vertically integrated supply chain company. We’ll get to tour the space, hear the story, and meet experts, investors, and entrepreneurs in the industry.
The Seed to Market Summit is happening at a time when the emerging cannabis industry is starting to take shape, final regulations have been published, and investment activity is growing in New York. NYS is poised to become the 2nd largest market for cannabis by 2025, at $3B annually. The challenge of state vs. federal law still looms over the industry, limiting support from federally-regulated organizations, but the industry is thriving anyway. Many lessons have been learned from states that legalized cannabis already, and through creative regulations, business models, and capital structures, the industry is growing in New York. Many exciting companies are working within the legal framework, raising capital, and thriving in the New York market.