Report: Legal cannabis brands find their footing in New York

Thu, Dec 19

Key Points

After a slow start, New York's legal cannabis market is now flourishing with monthly sales reaching $131 million across 215 dispensaries.
This is a significant increase from the market's humble beginnings with only one store in 2022.
The surge in sales has led to an increase in job opportunities and tax revenue for the state.
The success of the market is attributed to a combination of factors including increased consumer demand, improved supply chain logistics, and regulatory adjustments.

Two years after its rocky start, New York’s legal cannabis market may be finally hitting its stride, with monthly sales soaring to $131 million across 215 dispensaries – a big shift from the single store that opened its doors in Manhattan’s East Village in late 2022.

The surge has created an...

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