Officials with New York’s Cannabis Control Board (CCB) announced during a monthly public meeting on Tuesday that retail cannabis sales in the state have exceeded $2.09 billion, including $1.06 billion from just this year.
Board members also announced that they recently awarded 46 new adult-use cannabis licenses, with 69% of the licenses going to social and economic equity licensees. The new licenses include 8 cultivation licenses, 4 distributor licenses, 4 microbusiness licenses, 14 processor licenses, and 12 retailer licenses.
“Our work extends far beyond issuing licenses and setting regulations, it’s about shaping a cannabis industry that truly reflects the values of New York.” — Jessica García, Chair of the Cannabis Control Board, in a press release
The Office of Cannabis Management (OCM), overseen by the CCB, also updated attendees about the state’s seed-to-sale tracking system and launching the new, youth-oriented Cannabis Education Advisory Panel, which aims to “empower communities to make informed choices and foster a deeper sense of trust in New York’s evolving cannabis industry,” OCM Acting Director Felicia A.B. Reid said in a statement.
Officials also addressed the issue of nearly 200 conditional license holders whose locations are technically in violation of the state’s cannabis law due to their proximity to schools, despite initially receiving the agency’s stamp of approval. CCB said it would extend all provisional licenses until December 31, 2026, to help “address confusion” around the issue.
Previously, officials warned the affected licensees they would not be required to move immediately, but that their location “will become an issue at the time of license renewal.”
