New York Governor Marks Five-Year Anniversary Of Marijuana Legalization, With Over $3.3 Billion In Sales And 610 Licensed Retailers

New York Governor Marks Five-Year Anniversary Of Marijuana Legalization, With Over $3.3 Billion In Sales And 610 Licensed Retailers

The governor of New York is marking the five-year anniversary of adult-use marijuana legalization in the state, touting $3.3 billion in retail sales, the opening of more than 600 licensed cannabis shops and achievements in promoting social equity in the industry while taking steps to mitigate the illicit market. In a press release on Friday, Gov. Kathy Hochul (D) said “New York committed to building a cannabis market rooted in equity, safety, an…

Governor Hochul Marks Five Years of the Marihuana Regulation and Taxation Act as New York Advances an Equity-Driven Cannabis Market with $3.3 Billion in Sales

New York’s Cannabis Industry Fuels Growth for Small Businesses While Expanding Opportunities for Social and Economic Equity Entrepreneurs 57 Percent of Licenses Issued to Women-Owned Businesses and 51 Percent to Minority-Owned Businesses, Advancing Equity Across the Cannabis Industry Pure Blossoms on Manhattan’s Upper West Side Recognized as New York’s 600th Licensed Cannabis Dispensary Governor Kathy […]

New York Marijuana Market Tops $3.3 Billion as State Marks Five Years Since Legalization, 2,161 Licensed Businesses

The Marijuana Herald - Marijuana news and information In the five years that recreational cannabis has been legal in New York, the state has generated $3.3 billion in sales and now has well over 2,100 licensed cannabis businesses. Since launching adult-use sales, New York has issued 2,161 licenses across the marijuana supply chain, with 610 retail dispensaries currently open. State data shows that 56% of licenses have been awarded to Social and …

Hochul marks 5 years of Marihuana Regulation & Taxation Act as NYS advances 'equity-driven cannabis market' with $3.3B in sales, more than 600 dispensaries

Gov. Kathy Hochul on Friday marked the upcoming five year anniversary of the passage of the Marihuana Regulation and Taxation Act, which legalized adult-use cannabis, established the Office of Cannabis Management, and laid the foundation for a regulated, equity-driven cannabis industry in New York.