Opus Consulting Publish: New York Cannabis Market Report March 2022

Here’s their introduction

Highlights for the New York Market

• The New York market is expected to reach $2.6 billion in adult-use retail sales by 2027.

• The State has committed to awarding 50% of all licenses to social equity applicants. The first 100 to 200 retail licenses will be awarded to applicants with previous cannabis-related convictions.

• The Office of Cannabis Management is expected to release the initial rules and regulations for license applications in May 2022.

• Adult-use retail businesses can operate in 50% of New York municipalities. On-site consumption businesses can operate in 42% of state municipalities.

Opus Consulting continues to review each state’s markets and can provide further insights into the cannabis industry throughout the country. Please contact us for additional information.

The Full Report