New York has $750m worth of cannabis stockpiled that growers can’t sell

Cannabis farmers have an unclear path to market' as the state has yet to approve retail dispensaries

A strong smell of weed hangs over many New York neighborhoods, the result in part of cannabis decriminalization in 2019 - but cannabis growers in the state are at an impasse when it comes to getting their crops to market.

Almost 300,000 pounds of the drug, worth as much as $750m, from last summer's production at 200 state-licensed farms are stockpiled, without a place to be sold and in danger of deteriorating, according to a Bloomberg report on Saturday.