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Market
Percentage Increase in Legal Cannabis Sales in NY by End of 2024
5
Resolution / Starting Odds
Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
New York State Department of Taxation and Finance, official sales reports
Story
New York Closes 400 Illegal Cannabis Shops, Legal Sales Up 27%
Jun 18, 2024, 07:45 PM
New York is making significant progress in shutting down illegal cannabis shops at both the city and state levels. Governor Kathy Hochul and Mayor Eric Adams announced at a press conference that nearly 400 unlicensed cannabis retailers have been closed as part of Operation Padlock to Protect. This enforcement action, supported by state partners, has led to a notable increase in sales at legal dispensaries, with legal cannabis sales rising 27% in parts of New York State. Officials emphasize that these efforts are aimed at strengthening the legal market and supporting legitimate businesses.
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