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The legal cannabis industry in New York is expected to soar in 2025, with state regulators projecting the number of new licensed pot stores will more than double from 275 to more than 625.
Cannabis in New York has been legal for medical purposes under New York law since 2016, and recreational purposes since 2021. As of 2022, recreational cannabis is for sale legally in the state (including Native American reservations), only through state-approved dispensaries.
It’s going to grow like a weed. The legal cannabis industry will take New Yorkers even higher in 2025, with state regulators projecting the number of new licensed pot stores will more than ...
Marijuana plants are seen at a secured growing facility in Washington county, N.Y., Friday, May 12, 2023. Farmers growing New York’s first legal adult marijuana crop are having trouble moving ...
The New York Farm Bureau supported the bill. [22] The district attorneys of Albany County and New York County (Manhattan), David Soares and Cyrus Vance Jr., published an op-ed in the New York Daily News supporting the bill, citing its correction of racial injustice and the freeing up of finite law enforcement resources for other matters. [23]
Marijuana plants for the adult recreational market are are seen in a greenhouse at Hepworth Farms in Milton, N.Y., July 15, 2022. New York has issued the first 36 cannabis dispensary licenses on ...
Medical cannabis. Thirty seven of the United States regulate some form of medical cannabis sales despite federal laws. [12] As of 2016 seventeen of those states (Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maine, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, Oklahoma, Oregon, Rhode Island, Washington, and Washington, D.C.) have at least one medical marijuana ...
Despite these challenges, New York’s legal cannabis market has recorded more than $530 million in sales since December 2022, with $370 million reported so far in 2024.