New York Dispensaries Have Sold More Than $4 Billion In Recreational Marijuana Since The Market Launched, State Officials Announce
New York’s recreational marijuana dispensaries have now sold more than $4 billion worth of legal cannabis products, state officials have announced. The Office of Cannabis Management (OCM) revealed the sales totals at a Cannabis Control Board (CCB) meeting on Thursday.
The $4.1 billion worth of adult-use marijuana products since sales began in late 2022 includes almost $1.5 billion so far in 2026 alone. Third quarter sales reached $512.6 million, bringing the total for this year to date to $1.41 billion.
The OCM update also noted that a significant share of the state’s legal cannabis market is comprised of social and economic equity businesses, and that almost two-thirds (64 percent) of new licenses issued at Thursday’s meeting meet that designation.
CCB this week also approved a new cannabis nursery license application window and extended the provisional license period for equity and provisional marijuana business licenses.
“Today’s actions are about opening doors, helping businesses move forward, and protecting the integrity of New York’s cannabis market,” Jessica García, chair of the CCB, said in a press release.
According to OCM, the state currently has 1,981 licensed adult-use marijuana businesses, including:
280 cultivators
241 distributors
329 microbusinesses
582 processors
548 retail dispensaries
370 Conditional Adult-Use Retail Dispensaries
Fifty-six percent of all recreational cannabis business licenses have been awarded to social and economic equity applicants.
“That representation across the supply chain is meaningful progress, and our work is to make sure these businesses have the support to grow and thrive,” L. Simone Washington, OCM’s chief equity officer, said.
Separately, Gov. Kathy Hochul (D) recently signed legislation clarifying that marijuana microbusinesses can fully participate in cannabis farmers’ markets and pop-up events.
In May, OCM began accepting applications from licensed dispensaries that want to host temporary cannabis farmers’ markets and pop-up events.
The launch of applications this year followed the enactment of earlier legislation signed by Hochul last year that built on an existing showcase program that was first created in 2023. The state Cannabis Control Board (CCB) adopted regulations for the events program that is now rolling out last May.
In March, the governor marked the five-year anniversary of adult-use marijuana legalization in New York, highlighting $3.3 billion in retail sales at that point, 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.
