New York’s regulated marijuana market has surpassed $2.09 billion in total retail sales, with $1.06 billion generated so far in 2025, according to updates delivered at today’s meeting of the Cannabis Control Board (CCB) in Albany.
Regulators also approved 46 additional adult-use licenses, bringing the statewide total to 1,904. Of all licenses issued to date, 57% are held by Social and Economic Equity (SEE) operators. Regulators said 69% of the 46 newly approved licenses went to SEE applicants. There are now 464 licensed dispensaries open statewide.
The approvals include 12 retail dispensaries, 14 processors, 8 cultivators, 4 distributors, 4 microbusinesses and 4 CAURD final licenses. To reduce uncertainty tied to varying expiration dates, the Board extended all provisional CAURD and provisional adult-use licenses through December 31, 2026. The extension also covers provisional licenses issued between September 9 and December 30, 2025.
The Board also launched the Cannabis Education Advisory Panel (CEAP) to guide youth-focused education. Applications will be accepted September 9–October 9. “Our work extends far beyond issuing licenses and setting regulations, it’s about shaping a cannabis industry that truly reflects the values of New York,” CCB Chair Jessica García said. Felicia A.B. Reid, Acting Executive Director of the Office of Cannabis Management (OCM), added that CEAP is intended to ensure “information is power and education is the heartbeat of progress,” noting the state’s upcoming seed-to-sale system rollout.
OCM said sales per store have increased for the second straight month, indicating improving demand and stability across the legal market. The agency also outlined compliance efforts tied to dispensary location and school proximity rules, updates to seed-to-sale tracking, and a reminder that cultivator PowerScore reports were due August 31. Officials highlighted equity supports in development, including a loan fund and loan loss reserve program for SEE applicants, free legal services through a new partnership with CUNY Law and SUNY, and tools like a financial planner for microbusinesses.
“OCM is equally attuned to ensuring that SEE licensees have the necessary resources and supportive services to enable longevity in the market,” said L. Simone Washington, the agency’s Chief Equity Officer, pointing to 159 awardees under the CAURD Grant Program and continued veteran engagement through the SDVOB Taskforce.
