--- title: The New York Cannabis Market Continues to Soar description: New York's cannabis market is thriving, with sales on track to surpass $1 billion in 2024, driven by more licensed stores and increasing non-flower product sales. image: https://420intel.com/hubfs/AI-Generated%20Media/Images/cannabis%20sales%20growth.jpeg --- [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) ### Press ESC to close [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) # The New York Cannabis Market Continues to Soar - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) - 11 December 2024 The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Two months ago, we provided an update regarding the state’s strong growth in adult-use sales, and this extremely bullish story has become even more bullish. Sales growth is very strong, and the state is on track to do $1 billion in 2024: ![](https://www.newcannabisventures.com/wp-content/uploads/2024/12/New-York-Adult-Use-Sales-at-meeting-12-10-24.jpg) John Kagia, Director of Policy, who was sharing the slides with the Board, pointed out that the November strength was overstated due to there being 5 weeks in November after 4 in September and October. He suggested that the $919 million year-to-date would be boosted in December to over $1 billion. The weekly sales have expanded from $12.9 million to $29.0 in six months. Two months ago, it was $22.4 million per week. Growth is being driven by more stores and fewer unlicensed stores. In our newsletter in July, when we called the New York cannabis market booming, there were 144 open stores. Now there are now 261. This is a huge increase, but it is still a small number of dispensaries given the large population of the state. Non-flower sales have expanded over the past two months from 52% of sales to 55%, and the medical cannabis companies, most of which are publicly-held, are the source of 23% of the flower sales. I am very bullish on New York, but they can do a better job on getting the data out. Many states issue monthly updates and include the data on their websites. New York can do better on this front. Still, this big state has come a long way. Investors should be paying attention.     [by Alan Brochstein, CFA](https://www.newcannabisventures.com/the-new-york-cannabis-market-continues-to-soar/) [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) ![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=200&height=200&name=Buzz-No%20Outline-2.png) #### [Buzz](https://420intel.com/blog/author/buzz) At 420 Intel, we cover cannabis legalization news throughout the world, offer reliable information for cannabis business owners, detail technological advances that impact the marijuana industry, cover marijuana rallies from across the globe, and everything in between. - - - [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Buffalo dispensary owner warns of revenue challenges](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/The%20image%20depicts%20a%20bustling%20cannabis%20dispensary%20situated%20in%20Buffalo%20New%20York%20The%20storefront%20features%20large%20glass%20windows%20showcasing%20an%20array%20of%20colorful%20cannabis%20products%20neatly%20arranged%20on%20shelves%20inside%20A%20diverse%20group%20of%20customers%20including%20young-1.jpeg?width=550&height=395&name=The%20image%20depicts%20a%20bustling%20cannabis%20dispensary%20situated%20in%20Buffalo%20New%20York%20The%20storefront%20features%20large%20glass%20windows%20showcasing%20an%20array%20of%20colorful%20cannabis%20products%20neatly%20arranged%20on%20shelves%20inside%20A%20diverse%20group%20of%20customers%20including%20young-1.jpeg)](https://420intel.com/blog/buffalo-dispensary-owner-warns-of-revenue-challenges) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 30 April 2025 #### [Buffalo dispensary owner warns of revenue challenges](https://420intel.com/blog/buffalo-dispensary-owner-warns-of-revenue-challenges) BUFFALO, N.Y. — New data released by New York State reveals the legal cannabis market has... [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Ohio Cannabis Soars: Sales Hit $3B!](https://420intel.com/hs-fs/hubfs/smoke-honest-_kVxs1vAq7M-unsplash-1.jpg?width=550&height=395&name=smoke-honest-_kVxs1vAq7M-unsplash-1.jpg)](https://420intel.com/blog/ohio-cannabis-soars-sales-hit-3b) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 18 September 2025 #### [Ohio Cannabis Soars: Sales Hit $3B!](https://420intel.com/blog/ohio-cannabis-soars-sales-hit-3b) Cannabis sales in Ohio have officially broken the $3 billion mark, according to new data released... [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Over 300 cannabis dispensaries open statewide](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/The%20image%20captures%20a%20vibrant%20street%20scene%20in%20Rochester%2c%20New%20York%2c%20bustling%20with%20activity%20around%20one%20of%20the%20newly%20opened%20cannabis%20dispensaries.jpeg?width=550&height=395&name=The%20image%20captures%20a%20vibrant%20street%20scene%20in%20Rochester%2c%20New%20York%2c%20bustling%20with%20activity%20around%20one%20of%20the%20newly%20opened%20cannabis%20dispensaries.jpeg)](https://420intel.com/blog/over-300-cannabis-dispensaries-open-statewide) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 18 February 2025 #### [Over 300 cannabis dispensaries open statewide](https://420intel.com/blog/over-300-cannabis-dispensaries-open-statewide) ROCHESTER, N.Y. — New York’s legal cannabis industry has reached a significant milestone, with over... - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/420intel) - [Follow us on Twitter](https://twitter.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) Back to Top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Buzz", "url" : "https://420intel.com/blog/author/buzz" }, "dateModified" : "2024-12-11T14:16:11.320Z", "datePublished" : "2024-12-11T14:16:11.000Z", "headline" : "The New York Cannabis Market Continues to Soar", "image" : [ "https://420intel.com/hubfs/AI-Generated%20Media/Images/cannabis%20sales%20growth.jpeg" ], "mainEntityOfPage" : { "@id" : "https://420intel.com/blog/the-new-york-cannabis-market-continues-to-soar", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://420intel.com/hubfs/Asset%2016.png" }, "name" : "420 Intel" } } ```