New York Cannabis Business Guide

Recreational

New York is one of the newest major recreational markets. Despite a slow rollout, the state has issued over 2,100 licenses and continues to expand.

Active Licenses

2,161

Regulator

Office of Cannabis Management (OCM)

Testing Labs

13

Consumption Lounges

Legal

Testing Labs in New York

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Cannabis Professionals Serving New York

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Latest Updates

All news
IndustryMar 31, 2026

New York Officials Report $2.5 Billion in Cannabis Sales Since Legalization

New York officials reported that retail cannabis sales have surpassed $2.5 billion since adult-use legalization, with $1.6 billion generated in 2025 alone. Licensed storefronts nearly doubled from 261 in 2024 to 556 in 2025.

FederalMar 30, 2026

Congressman Presses DOJ and DEA on Cannabis Rescheduling Timeline

Congressman Steve Cohen sent a letter to AG Bondi and DEA Administrator Cole demanding an update on cannabis rescheduling progress. The letter came 99 days after Trump signed the executive order directing 'expeditious' completion of Schedule III rulemaking.

FederalMar 18, 2026

New Congressional Research Report on Cannabis Rescheduling Published

Congressional researchers released a new analysis noting that rescheduling would be a 'transitional' step requiring follow-up banking, commerce, and justice reforms. The report emphasized that rescheduling alone would not bring state markets into compliance with federal law.

LicensingMar 16, 2026

Virginia Legislature Sends Cannabis Sales Legalization Bill to Governor

Virginia's legislature voted to adopt legislation legalizing adult-use cannabis dispensary sales, sending the bill to Gov. Spanberger's desk. The bill sets a January 1, 2027 launch date for retail sales, covering taxes, licensing, and regulatory duties.

Tax & FinanceMar 12, 2026

Cannabis MSOs Owe $1.6 Billion in Unpaid 280E Taxes as IRS Fights Back

Major cannabis multistate operators collectively owe more than $1.6 billion in unpaid federal taxes under Section 280E. The IRS argued that Trump's rescheduling executive order does not change tax obligations because it has not been finalized.