After the rockiest of begins, the regulated marijuana market is lastly coming to life in New York state.
Hashish retailers reported $429.9 million in income from January by means of the top of August, a month that noticed weekly gross sales surpass $20 million for the primary time.
At this tempo – and with an estimated 200 licensed retailers able to open for enterprise by the top of September – ending 2024 with greater than $1 billion in regulated marijuana gross sales is “throughout the realm of plausibility,” a prime hashish regulator advised MJBizDaily final week.
“Clearly, we misplaced some momentum final yr,” John Kagia, the state Workplace of Hashish Administration’s deputy director of coverage, advised MJBizDaily in an interview Thursday.
This merchandise initially appeared on MJBizDaily. The remainder of the story is obtainable right here.
