With less than 12 hours to spare before the clock switched over to 2025, New York Gov. Kathy Hochul announced that the state’s legal cannabis inudstry surpassed the $1 billion sales mark since its launch just over two years ago, driven by 275 operational adult-use dispensaries. Not only that, but the number of legal marijuana […]
Total recreational cannabis sales in New York have eclipsed the $1 billion milestone since the adult-use market launched in 2022. That’s according to a New Year’s Eve announcement from Gov. Kathy Hochul’s office. Adult-use marijuana retailers in New York sold about $758 million worth of products in the first 11 months of 2024, putting the […]
A trade group representing small cannabis farmers in New York are suing state regulators for establishing a commercial program and rollout they allege set them up for failure. The complaint, filed by the Cannabis Farmers Alliance in Onondaga County Supreme Court, claims New York’s Office of Cannabis Management and Cannabis Control Board created a marketplace […]
New York regulators have issued a wide-ranging report on the state’s cannabis industry, which is finally showing signs of growth nearly two years after the launch of adult-use sales. The Marihuana Regulation and Taxation Act (MRTA) Implementation Report, released Thursday by New York’s Office of Cannabis Management (OCM), highlights various milestones since March 2021, when the […]
