New York officials are touting a marijuana milestone, with the state exceeding $2 billion in cannabis sales since the market launched. And $1 billion of those purchases have been made in 2025 alone.
At a meeting on Tuesday, the Office of Cannabis Management (OCM) announced that the state has reached $2.09 billion in total adult-use marijuana sales since the first retailers opened in late 2022. After initial setbacks in the market rollout, the industry has greatly expanded, with $1.06 billion in cannabis purchases this year.
As part of the marijuana sector’s maturation, the Cannabis Control Board (CCB) separately announced that it is approving 46 additional adult-use cannabis business licenses, raising the total to 1,904. And regulators said 57 percent of those businesses are owned by social equity licensees.
“Our work extends far beyond issuing licenses and setting regulations, it’s about shaping a cannabis industry that truly reflects the values of New York,” Jessica García, chair of CCB, said. “Every decision we make is rooted in equity, transparency, and a long-term vision for a thriving market.”
💰 MARKET UPDATE: New York’s legal cannabis market has surpassed $2 billion in total retail sales, with $1.06 billion generated just this year.
Sales per store have climbed
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