Published on: Tuesday, 19 November 2024 ● 5 Min Read
NEW YORK--(BUSINESS WIRE)--Nabis, the nation’s leading licensed cannabis wholesale platform, today announces its launch in the New York cannabis market, officially marking its status as a bicoastal operator. The launch brings Nabis’ best-in-class wholesaling technology that provides rapid order fulfillment, payment processing, customer service, and compliance to New York’s burgeoning market, with two storage facilities strategically located in the Bronx and Rochester to provide 2-day shipping turnaround times in nearly all regions across the state.
“Expanding to New York is about more than moving into a new market — by planting our roots on the East Coast, we’re laying the groundwork for our next chapter of building the national wholesaling infrastructure for brands and retailers across America,” said Vince C. Ning, CEO and Co-Founder of Nabis. “Our commitments to efficiency, compliance and customer satisfaction are unwavering, and we are eager and proud to foster strong relationships and support the growth of the country’s biggest up-and-coming cannabis market.”
New York’s cultural and global financial influence offers a unique opportunity for cannabis brands and operators to leverage a burgeoning market and diverse consumer audience—including 20 million New Yorkers and 60 million unique tourists each year—to continue destigmatizing cannabis on a global stage. Nabis’ innovative, one-stop-shop platform streamlines the significant and often overwhelming consumer demand emerging markets face, all while helping brands and retailers efficiently scale. With cutting-edge resources such as wholesale ordering, inventory management, payment processing, and sales metrics and analytics, Nabis’ proprietary technology centralizes the entire cannabis wholesaling experience for New York’s rapidly growing market.
“In the cannabis industry, trusted collaborations are essential for navigating complex markets and driving sustainable growth,” said Mack Hueber, President of Ayrloom. “We’re thrilled to work with Nabis, whose reliability and expertise in distribution, particularly in downstate regions, enable us to scale efficiently while maintaining exceptional product value.”
As the only platform in New York that has invested in dedicated cannabis distribution facilities, Nabis will serve nearly 10% of the state market by end of year, with capacity built for the market’s imminent and rapid scale. The structure in Rochester—a repurposed Kodak manufacturing facility—is upwards of 30,000 square feet, while the Bronx warehouse measures nearly 10,000 square feet. With the opening of these warehouses Nabis brings upwards of 100 new job opportunities to the state’s cannabis industry.
With the two warehouses strategically positioned on disparate ends of the state, Nabis is able to streamline and enhance New York’s supply chain efficiencies to create a more cost-effective and agnostic distribution network. This ensures timely and reliable deliveries of product to New York dispensaries and retailers across the state, increasing consumer access throughout the densely populated market. To start, Nabis has partnered with a diverse group of New York brands to its marketplace, starting with Ayrloom, one of the first and largest cannabis brands in New York. The portfolio also includes Etain, Flwr City, Eaton Botanicals, Acreage, Flamer, LIVE, Tarot Tokes, Bristol Extracts, PLUGPLAY, Turn, Bloom, Dime, and more.
“Expanding our services into New York has required a consistent and diligent effort over the past couple years, and we're honored to officially be a part of this market,” said Ning. “The development of the cannabis industry at large requires collective efforts from the ground level, especially in a market as influential as New York. We look forward to partnering with cannabis retailers, operators and brands across the state to bring the future of cannabis wholesaling to the East Coast.”
This expansion into one of the nation’s top GDP states increases Nabis’ national footprint significantly, boosting its reach and access by 46% based on population size. With operations now spanning California, Nevada, and New York, and plans to enter additional regions, Nabis continues its mission to build a unified, technology-driven cannabis supply chain across the U.S.
To learn more about Nabis and its service offerings, visit nabis.com.
About Nabis
Nabis is the #1 licensed cannabis wholesale platform, servicing over 300 brands. Founded in 2018 by serial tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is on a mission to build the most powerful licensed cannabis wholesale platform with a multi-channel fulfillment network that simplifies cannabis commerce for brands and retailers anywhere in the world. Nabis is the largest licensed wholesaler in the industry, having supported numerous exclusive brands and retailers transact over $1B worth of cannabis products in major states across the nation. As Nabis continues its national expansion, the privately-held multistate operator utilizes its experience in the world’s largest legal cannabis markets and offers its partners an online wholesale marketplace with best-in-class fulfillment, payment processing, financing, data analytics, and sales and marketing services to enable more brands and retailers to innovate, launch, and scale strategically. Ning and Lee’s work earned Nabis a spot on Inc. 5000’s list of Fastest Growing Private Companies in America in 2023, and on Fast Company’s list of the 50 Most Innovative Companies in America in 2024. Learn more: nabis.com
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