In a tale of two program rollouts, New York’s licensed cannabis dispensaries have reported more than $100 million in adult-use sales so far in 2023, while Missouri stores have surpassed $1.1 billion in total cannabis sales this year.
Similar aged markets, New York launched its commercial adult-use retail program via one social equity licensee on Dec. 29, 2022, while Missouri launched adult-use sales via existing medical cannabis operators on Feb 3, 2023.
New York
Now with 27 licensed adult-use retailers—including 22 stores and five delivery-only operators—New York eclipsed $104 million in adult-use sales through the first 10 months of the year, according to the state’s Office of Cannabis Management (OCM).
In addition, New York regulators have approved 54 cannabis grower showcases (CGS) allowing licensed growers and processors to work with retailers to set up temporary shops and showcase their products at events like farmers markets where consumers can make cannabis purchases. These events have provided $3.4 million in sales, OCM Director of Policy John Kagia said while presenting his sales report during the Cannabis Control Board’s regular meeting Nov 17.
Cannabis flower made up 52% of sales at these CGS events, while edibles (20%), prerolls (11%), vapes (11%) and concentrates (5%) were