New York officials have released a series of reports that provide a year-end status update on the state’s medical and adult marijuana markets: sales records, state coffers revenue, license approvals, equity initiatives and more.
All told, retail cannabis sales in New York have topped $2.5 billion since recreational legalization was passed, including $1.6 billion generated since November of last year alone. In addition, licensed showrooms almost doubled from 261 in 2024 to 556 in 2025..
The Office of Cannabis Management (OCM) said the state “continues to exceed” equity goals, particularly with 55 percent of adult use licenses held by Social and Economic Equity (SEE) businesses. Of these, 50 percent are minorities and 47 percent are women.
The reports also touch on enforcement action to mitigate the illegal market. And last year, OCM said it “conducted 2,017 enforcement actions that resulted in the seizure of more than $20 million worth of illegal cannabis products.”
“New York’s cannabis framework was designed to combine strong regulation with meaningful choice, and this year’s Annual Report demonstrates continued progress toward that goal,” said Jessica Garcia, Chair of the Cannabis Control Board (CCB), in a press release. “As the legal market expands, we continue to build an inclusive industry and ensure the benefits of legalization are shared broadly.”
“The launch of initiatives like Community Reinvestment Grants and the CAURD Grant Fund marks a critical step in returning resources to communities disproportionately impacted by the ban while maintaining safeguards that protect consumers and support compliant businesses,” he said.
The OCM annual report also states that Gov. Kathy Hochul (D) signed legislation expanding the state’s medical cannabis program improving patient access and “updating the program framework to better meet the needs of patients across the state.”
The legislation signed by the governor grants reciprocity to out-of-state residents, streamlines the patient certification process and allows adults 18 and older to grow their own cannabis plants for therapeutic use.
“Looking forward, we remain committed to fulfilling MRTA’s vision through licensing, regulatory reform and the support of social equity applicants,” Garcia said in the report. “We have new types of licenses to issue that will provide additional economic opportunities for New Yorkers.”
“We must improve patient access to the medical program and maintain our commitment to work on this in 2026. We will work with OCM to continue to strengthen our enforcement efforts against the illicit market,” he said. “Finally, we invest in building trust with our stakeholders and the public and aim to strengthen our communications and public engagement efforts, especially as they inform our decision-making process.”
Officials too he stated The state has taken in nearly $341 million in marijuana taxes from medical and adult-use sales from April 1, 2023, to November 30, 2025.
“Sales continue to be concentrated in a limited number of high-performing locations,” he says. “On November 30, 2025, the top 10 stores account for 29 percent of statewide sales, the top 25 for 43 percent and the top 50 for nearly 61 percent. The top 50 percent of all operating stores generate about 80 percent of total sales, reflecting advantages of location, brand presence and operational scale.”
Notably, the report bolsters advocates’ argument that regulating, rather than criminalizing, marijuana sales can deter youth use, despite prohibitionist arguments to the contrary. In fact, the percentage of New York high school students who reported using cannabis in the past month dropped from 20 percent in 2013 (before legalization) to 12.5 percent in 2023.
“This Annual Report reflects the market that New Yorkers have built together over the past year. We’ve expanded access to regulated and tested cannabis products, strengthened consumer protections, and continued to advance an equity-focused market framework,” said Susan Filburn, OCM’s executive director, in a press release.
“Exceeding $2.5 billion in adult-use sales is an important milestone, and looking forward to this growth remains responsible, transparent and grounded in public health and safety, while continuing to provide opportunity and reinvestment in the communities most affected by prohibition,” he said. he said.
“OCM remains committed to responsible growth, transparent regulation, and economic opportunity for all New Yorkers. In 2026, OCM will focus on accelerating licensing and market access for equity entrepreneurs, strengthening compliance and enforcement efforts statewide, and expanding consumer education to promote safer cannabis use and confidence in the regulated marketplace, and to strengthen a safer regulated marketplace.”
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Meanwhile, given the confusion in the market about temporary license terms, the CCB said it will extend the renewal period for adult conditional use to December 31, 2026.
“This extension provides more time for licensees to secure viable locations and obtain full licensure,” OCM said. “It will also apply to temporary licenses issued between September 9, 2025 and December 30, 2025, ensuring clarity and consistency for all temporary licensees.”
Part of the uncertainty surrounding provisional licensees a the recently identified zoning issue affects more than 100 cannabis businesses Those located too close to public schools or places of worship than permitted by applicable statute. Gov. Kathy Hochul (D) said she will push the legislature to change the state’s marijuana law to address the problem.
Additionally, both chambers of the New York legislature passed the legislation last year extend the deadline for electronic tax returns for marijuana companiessending the proposal near the governor’s desk.
If signed into law, the measure would give cannabis manufacturers and distributors an extra 30 days to file their tax returns after the end of each quarterly tax year. Currently, companies have 20 days to submit documents, and the legislation would extend it to 50 days.
In July, New York officials announced First round of grants for $5 million program to support retail marijuana businesses for justice-involved people cover startup costs.