Cannabis Sales in New York Could Exceed $1B This Year Despite Rocky Market Launch

Marijuana retailers in the state of New Yorkย raked inย more than $429 million in revenue between January and August of this year. Just last month, sales made each week exceeded $20 million for the first time ever. New Yorkย made marijuana legalย in March 31, 2021, following the approval of the Marijuana Regulation and Taxation Act. However, the stateโ€™s first sales were recorded in December 2022.

The Office of Cannabis Managementโ€™s deputy director of policy,ย John Kagia, stated that while some momentum had been lost inโ€ฆ

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