"New York's cannabis industry is thriving - and the numbers prove it. According to the state's Cannabis Control Board (CCB), the legal cannabis market has generated nearly $1.3 billion in sales so far this year. The figure not only highlights the growing strength of New York's regulated weed market but also signals a major shift in consumer behavior, as more residents turn away from unlicensed operators and embrace legally sourced products."
"A Closer Look at the New Licenses Approved The Cannabis Control Board continues to advance New York's cannabis ecosystem by expanding opportunities for cultivation, processing, distribution, and retail. During its recent session, the board approved 33 new licenses across various categories, further diversifying the state's supply chain: 11 Cultivators - Expanding the agricultural foundation of New York's cannabis industry, these cultivators will help increase strain diversity, improve product availability, and stabilize pricing for consumers."
New York's legal cannabis market has generated nearly $1.3 billion in sales so far this year, reflecting a consumer shift toward legally sourced products and away from unlicensed operators. Data from the Cannabis Control Board indicate rapid market maturation after a slow 2023 rollout and a difficult transition from the legacy market, with licensed operators gaining traction. The board approved 33 new licenses across cultivation (11), distribution (2), processing (6), retail (8), microbusinesses (3), and CAURD dispensaries (2), expanding capacity, supply chain diversity, product availability, and retail access statewide.
Read at stupidDOPE | Est. 2008
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