SANTA BARBARA, Calif. — Cultivator and extractor LEEF Brands Inc.obtained a Type 1 Cannabis Processor License in New York. This is a plant-touching license that allows the company to engage in extraction, blending, and infusion, as well as packaging, labeling, and branding its products. Expanding onto the East Coast makes the company a multistate operator.
LEEF plans to replicate its California operations and tailor them to the demands of the New York market. New York has grown from a $160-million cannabis retail market in 2023 to $1 billion in 2024, with projections of $1.5 billion in retail sales in 2025. With concentrates used in approximately 55% of cannabis products sold in New York, the license presents a significant opportunity for LEEF to leverage its extraction capabilities.
“This marks a major step in our expansion beyond California,” said Micah Anderson, CEO. “Securing a Type 1 Cannabis Processor License in New York gives us a gateway into one of the most exciting cannabis markets in the country, and we’re eager to bring our expertise and build partnerships in the region. Our goal is to replicate our business model in California and leverage the long-standing client relationships we’ve built with many of the brands that are already performing well in the New York market.”
About LEEF Brands Inc.
LEEF Brands Inc. is a leading California-based extraction and manufacturing cannabis company, recognized for its large-scale vertical integration. With a comprehensive supply chain, innovative manufacturing processes, and a dynamic bulk concentrate portfolio, LEEF powers some of the largest cannabis brands in the United States.
