New York’s legal marijuana market saw impressive growth at the end of the summer, hitting a record-breaking $214.4 million in sales for August.
It’s the highest monthly sales figure in the nearly three-year history of the industry in the state, according to Crain’s New York Business.
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Sales climbed from $161.6 million in July and $153.2 million in June, according to information Kevin Brennan, deputy director of analytics at the state Office of Cannabis Management, shared during a regulatory meeting Monday.
It’s up from $104.3 million in August 2024.
Brennan noted that the increasing sales figures, driven by the ongoing opening of new dispensaries, are a promising indicator for New York’s legal cannabis market.
Milestone achieved
The growth follows a milestone reached this summer,
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