Retail sales of legal recreational marijuana in New York were worth $83 million between the beginning of 2023 and Sept. 29, according to a new preliminary estimate from the state’s cannabis regulator.
The sales total was presented by the New York Office of Cannabis Management (OCM) at a Tuesday public meeting.
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The OCM shared slides from the presentation with MJBizDaily.
The $83 million sales figure consists of:
$8.7 million in the first quarter. $23 million in the second. $51 million in the third.
“Q3 sales doubled over the previous quarter even with several stores closed for renovations,” according to the presentation.
“Five new (cannabis) retailers opening imminently will significantly increase supply chain capacity, presenting more sell through opportunities for growers.”
As licensed New York marijuana growers wait for more retailers to come online, state authorities are permitting temporary “cannabis growers showcase” (CGS) events
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