New York officials have released a set of reports providing an end-of-year status update on the evolution of the state’s medical and adult-use marijuana markets—touting record sales, revenue hauls for state coffers, licensing approvals, equity initiatives and more.
All told, retail cannabis sales in New York have exceeded $2.5 billion since the passage of recreational legalization, including $1.6 billion that was generated last year alone as of November. Also, licensed storefronts nearly doubled from 261 in 2024 to 556 in 2025.
The Office of Cannabis Management (OCM) said the state “continues to exceed” equity goals, specifically pointing to the fact that 55 percent of adult-use licenses are held by Social and Economic Equity (SEE) businesses. That includes 50 percent that are minority-owned and 47 percent that are women-owned.
The reports also touch on enforcement activity to mitigate the illicit market. And last year, OCM said it “completed 2,017 enforcement actions, resulting in over $20 million worth of illicit cannabis product seized.”
“New York’s cannabis framework was designed to pair strong regulation with meaningful opportunity, and this year’s Annual Report shows continued progress toward that goal,” Jessica Garcia, chair of the Cannabis Control Board (CCB), said in a press release. “As
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