New York state marijuana regulators on Tuesday approved another 123 cannabis business permits as legal sales continue to gain momentum following a slow start.
After posting a record $100 million in sales for August – a reporting period that also included the last few days of July – the state Office of Cannabis Management (OCM) expects regulated marijuana sales in New York to top $450 million for 2024, officials said Tuesday.
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“We are cooking with gas,” John Kagia, OCM’s director of policy, said at a state Cannabis Control Board meeting, as NY Cannabis Insider noted.
The recovery in New York’s regulated cannabis market is welcome news to both state officials and the nascent industry.
New York legalized recreational marijuana in March 2021,
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