New York’s legal marijuana market recorded $121.91 million in sales during January, according to data from the research firm Headset.
Flower led all product categories in January with $41 million in sales, followed by vapor pens at $34 million, pre-rolls at $21 million, edibles at $17 million, and concentrates at $4 million. Although there’s been a slight drop in recent months, prices in the state remain significantly higher than in many other legal markets, averaging $13 per gram for dried flower, $40 per eighth, and $51 for a gram of concentrates.
The $121.9 million sold in January is a notable increase over the $97 million sold in December.
New York legalized recreational marijuana in March 2021 with the passage of the Marijuana Regulation and Taxation Act, but its rollout has been plagued by delays and legal disputes. The first licensed dispensaries did not open until December 2022, allowing illicit operations to dominate the market in the interim.
The state’s legal market recently surpassed $1 billion in total licensed sales. To commemorate the milestone, New York’s Office of Cannabis Management (OCM) hosted an event at the State Capitol Building in January, highlighting the growth of the regulated industry and recognizing businesses operating within the system.
