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New York has shuttered 1,000-plus illicit marijuana sellers, governor says

New York has shuttered 1,000-plus illicit marijuana sellers, governor says

Authorities in New York state have closed 1,009 illicit marijuana sellers since the spring, including 779 in New York City alone.

That was the message that Gov. Kathy Hochul and New York City Mayor Eric Adams shared with the state’s residents and legal cannabis industry during a joint news conference Wednesday.

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As a direct result of the crackdown, which began in earnest in May, regulated adult-use sales are on the rise at the state’s 152 legal retailers, including a 72% increase in New York City alone, according to the governor.

That’s good news for the state’s legal marijuana industry, where adult-use retailers recorded only $123 million in sales in 2023, about one-quarter of projections.

And a chief culprit for the slow rollout

Read full article on Marijuana Business Daily



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