New York’s Legal Cannabis Market Surpasses $500M After Crackdown On Illegal Shops
New York’s legal cannabis industry has surpassed $500 million in sales less than a year after the state’s first authorized dispensary opened its doors.
Officials attribute this rapid growth to intensified enforcement efforts against unlicensed sellers, signaling a promising trajectory for the state’s burgeoning marijuana market.
John Kagia, director of policy for the New York State Office of Cannabis Management (OCM), revealed that sales had topped $529 million by mid-August. “The velocity is there,” Kagia told the Cannabis …