Is The Worst Over For New York's Beleaguered Weed Market? Sales Projections Optimistic Though Cannabis Recall Debacle Hits Home
Over the first six months of 2024, cannabis dispensaries that legally sell marijuana to New Yorkers have sold $260.6 million worth of product, equaling approximately $43.4 million per month. The upward trajectory seen in the data released by the New York Office of Cannabis Management could result in the figure hitting between $520 million and $700 million for the full year, reported Cannabis Business Times.During June's reporting period, 113 stores were up and running, OCM said, reaching 137 dispensaries in July, with over half being located downstate in Manhattan, Brooklyn, Bronx, Queens and Staten Island.
