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New York’s marijuana chief believes $1.5 billion in sales is possible in 2025

Felicia Reid inherited a bona fide challenge when she took over as acting executive director of New York State’s Office of Cannabis Management 10 months ago.

Or, as Gov. Kathy Hochul memorably described New York’s rollout of a recreational marijuana market, Reid inherited a “disaster” – a situation with lawsuits halting retail licensing, an enormous and brazen illicit market, licensed growers sitting on mountains of unsold product and a flawed social equity fund.

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But as adult-use legalization in New York turns 4 years old – a generational shift by itself, considering New York City was the “marijuana arrest capital of the world” as recently as 2012 – the market appears to now be on track.

“Running an agency, whether it’s been around for

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