LEEF Brands, a cannabis extraction company based in California, said it plans to acquire a Type 1 processing license in New York.
In addition to acquiring the license, LEEF said it has secured a 7,000-square-foot facility and positioned extraction equipment in New York.
"New York represents an incredible opportunity for LEEF Brands, particularly with concentrates used in 55% of all cannabis products sold in the state," said CEO Micah Anderson. "With our equipment in place and a facility ready to launch, this expansion positions us to generate new revenue streams in 2025, increase margins, and enhance stability through market diversification—all while maintaining our high-quality standards."
"LEEF has spent the past eight years mastering our craft in California, the nation’s most competitive cannabis market. Expanding to New York is just the first step in a broader strategic plan to replicate our successful business model in new markets across the country.”
