Revenue from cannabis business tops $80M for NY in latest fiscal year, report shows
The New York State Office of Cannabis Management released reports highlighting their work over the past year.
The annual report goes into detail about the licensing processing, social and economic equity efforts and how they continue to prioritize public health and safety. The report also showed the revenue in New York's marijuana market.
In the report, data showed that over 5,250 licenses, permits and registrations were issued or provisionally approved for cultivation, processing, distribution, microbusiness, and retail.
To help improve the licensing process the Office of Cannabis Management implemented a single point of contact licensing review model in October 2024. The model helped to eliminate the previous multi-team system so applicants can have an examiner guide them through the process from start to finish.
The New York State Office of Cannabis Management released reports highlighting their work over the past year.
The annual report goes into detail about the licensing processing, social and economic equity efforts and how they continue to prioritize public health and safety. The report also showed the revenue in New York's marijuana market.
In the report, data showed that over 5,250 licenses, permits and registrations were issued or provisionally approved for cultivation, processing, distribution, microbusiness, and retail.
To help improve the licensing process the Office of Cannabis Management implemented a single point of contact licensing review model in October 2024. The model helped to eliminate the previous multi-team system so applicants can have an examiner guide them through the process from start to finish.
