The State of New York legalized cannabis for adult use in 2021, with the first legalized sales launching in December 2022. The first legal recreational cannabis purchase was made by Chris Alexander, Executive Director of New York’s Office of Cannabis Management.
New York’s Office of Cannabis Management recently released a report recapping noteworthy facts and statistics from the state’s cannabis industry during the 2024 calendar year. Below are some of the items of note from the report:
- Over 500 brands were sold in the market
- The market offered more than 1,500 strains, with none having more than 2% of market share
- Registered organizations account for 10% of all recreational sales, and 19% of flower sales specifically
- Total cannabis dispensaries nearly tripled in 2024, reaching 260 locations
“This market report reflects the dynamism of New York’s cannabis industry—an industry that is shifting rapidly as the market matures and encounters both opportunities and challenges,” said Felicia A. B. Reid, Acting Executive Director of the New York State Office of Cannabis Management. “But, as ever, OCM is deeply committed to ensuring that the industry is reflective of New Yorkers and creating meaningful and forward-looking opportunities for communities historically affected by cannabis prohibition. The agency must grow alongside the market, and this report is a critical retrospective to inform future strategy.”
“The comprehensive data from this report enable us to understand the current state of the market and proactively advance regulatory and policy decisions that enhance the long-term viability of New York’s cannabis sector. With insights on sales trends, product diversification, and consumer behavior, we’re equipping the CCB to support businesses navigating the market’s competitive pressures and evolving demands.” stated John Kagia, Executive Deputy Director of Market Policy, Innovation & Analytics.
As of April 2025, there were 368 licensed cannabis dispensaries in New York State, and total legal sales neared $1.5 billion.