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New York Officials Tout $2.5 Billion In Marijuana Sales, Expansion Of Licensed Businesses And More Since Adult-Use Legalization

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4 months ago

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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.

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iAnthus opens new dispensary in Jupiter

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13 hours ago

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April 21, 2026

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iAnthus Capital Holdings updated its news release dated February 17, 2026, marking the Company’s dispensary location in Tequesta-Jupiter, Florida as its 26th dispensary in Florida. The dispensary began serving patients on April 14, 2026 and expands access to iAnthus’ portfolio of premium cannabis products, including The Vault, Sunshine State and MPX.

“The GrowHealthy dispensary in Tequesta-Jupiter expands patient access in a region that has had limited options in the area,” said Kelly Heinichen, Vice President of Retail Operations at iAnthus. “We are committed to providing the best experience for patients in Palm Beach County: fast service, knowledgeable teams and the best flower genetics.”

The dispensary is strategically located along the US-1 corridor to serve patients in northern Palm Beach County, including Tequesta and surrounding communities, providing one of the most convenient access to medical cannabis in the area. The dispensary offers a full range of cannabis products, including flowers, vapors, concentrates and edibles, supported by a retail model designed for efficiency, education and repeat engagement.

The opening of the Tequesta-Jupiter dispensary is part of a broader effort to enhance iAnthus’ retail presence throughout Florida with an eye toward expanding access in underserved markets. The company continues to invest in its retail platform to provide high service and top quality products. The store is accepting patients before the 4/20 holiday and will have a grand opening celebration on May 15th.

The Tequesta-Jupiter Dispensary, located at 19510 US HWY 1, Jupiter, FL 33469, will be open from 9:00 am to 8:30 pm Monday through Saturday and from 9:00 am to 8:00 pm on Sunday.

For more information:
iAnthus
iAnthus.com










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Pennsylvania Governor Pushes Lawmakers To Legalize Marijuana On 4/20

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13 hours ago

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April 21, 2026

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Pennsylvania’s governor is using the unofficial cannabis holiday of 4/20 to once again send a bill to lawmakers to legalize marijuana.

Meanwhile, Democratic lawmakers held a hearing on the impact of cannabis convictions and the need for legalization.

“Pennsylvanians looking to buy recreational marijuana are crossing the border into one of our neighboring states that has legalized it,” Gov. Josh Shapiro (D) said in a social media post Monday. “That’s hundreds of millions in revenue being taken out of state instead of being spent here in Pennsylvania.”

“It’s time to finally catch up, and get the legislature to send a bill to my desk and get this done,” he said.

The push comes days after the House of Representatives approved Shapiro’s proposed budget legislation it is based on the revenue that would be generated from the sale of recreational marijuanawhich is not yet legalized in the state.

Governor at the beginning of the year included the legalization of cannabis and the resulting revenue in his budget request. The $53.2 billion budget legislation, which itself does not include provisions to actually legalize marijuana, although it does provide for the resulting money, now goes to the Senate for consideration.

Meanwhile, on Monday, the House Majority Policy Committee held a hearing on the “clean slate” issues of cannabis to examine how criminal records affect people’s lives.

Members heard from representatives of the Last Prisoner Project, Law Enforcement Action Partnership and Community Legal Services.

Rep. Andre Carroll (D) said passing cannabis reform would be “truly transformational” and have a “direct impact” on people across the state.

“States with seemingly nothing else in common, like Mississippi and North Dakota, have already decriminalized cannabis,” he said. “However, Pennsylvania remains one of 19 states in the country where possession of cannabis is a criminal offense, which carries a prison sentence in our commonwealth.”




The Democrat-controlled House of Representatives last year passed a to legalize marijuana and put sales in state dispensariesbut the Republican majority of the Senate has criticized that plan, at the same time not advancing their own cannabis legalization model.

Rep. Darisha Parker (D) said at Monday’s event that “we did our part here in the House, but the Senate is still working.”

Pennsylvania House Democrats also promoted a network demand On Monday, people have the opportunity to contact their state senators to support the legalization of marijuana.

Earlier this month, the House Health Committee approved a bill allowing terminally ill patients to use medical cannabis in hospitals and other health facilities

The legislative developments come as news The poll shows that seven out of ten Pennsylvania voters support the legalization of marijuana for adults—including the support of the majority, across party lines in favor of reform.

When asked “whether they support or oppose the regulation and taxation of legal cannabis for use by adults 21 and older in Pennsylvania,” 69% of respondents said yes. Democratic support was strongest at 72 percent, but also includes 67 percent of Republicans and 64 percent of independents.

Meanwhile, Shapiro continues to pressure lawmakers to pass a bill to legalize marijuana in the state, saying doing so would generate new revenue that could be invested in key programs.

“While some in Harrisburg say we can’t make greater investments in our children, public safety and our economy, know this: If we legalized and regulated adult-use cannabis, we would generate $1.3 billion in revenue for our Commonwealth in the first five years,” the governor said in a recent social media post.

“These are dollars that can be invested in our town and our communities,” he said. “Stop with the excuses. Let’s do this.”

The Independent State Fiscal Office (IFO) announced this in February Legalizing cannabis in Pennsylvania would generate nearly half a billion dollars in annual revenue By 2028, compared to Shapiro’s office projections, revenue is significantly higher.

With a 20 percent excise tax on wholesale cannabis, a 6 percent state sales tax on retail and license fees, the IFO said the governor’s legalization plan would generate $140 million in tax revenue in 2027-2028 and rise to $432 million in 2030-2031.

That’s much higher than what the governor’s office presented in the last executive budget. According to his office’s analysis, legalization would generate about $36.9 billion in tax dollars in the first year from a 20 percent wholesale tax on marijuana, rising gradually to $223.8 million in 2030-2031.

In February, a coalition of drug policy and civil liberties organizations called on Shapiro to play a leadership role bringing together legislative leaders to work on cannabis legalization this session.

Last month, the Senate Law and Justice Committee amended and approved a bill The Cannabis Control Board (CCB) oversees the state’s medical marijuana program and intoxicating hemp products which may eventually regulate adult consumption if legalized in the state.

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New CFO announced for TerrAscend

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2 days ago

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April 20, 2026

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TerrAscend Corp. has announced the appointment of Eric Jackson as Chief Financial Officer, effective April 27, 2026.

“On behalf of the entire TerrAscend team, we are pleased to welcome Eric as our Chief Financial Officer,” said Ziad Ghanem, President and CEO of TerrAscend. “Eric brings a proven track record of financial and operational leadership in complex and competitive retail and consumer businesses. His experience in driving efficiencies, expanding margins and navigating dynamic operating environments will be invaluable as we continue to scale and execute our strategy.”

© TerrAscend

Mr. Jackson brings more than two decades of financial and operational leadership experience in the retail, consumer and manufacturing sectors. Most recently, he served for more than eight years as Executive Vice President and Chief Financial Officer of American Signature, Inc., a multi-location, omnichannel retailer, where Mr. Jackson oversaw finance, accounting, treasury, analytics, IT, real estate and supply chain functions.

Prior to American Signature, Mr. Jackson spent more than 14 years at L Brands, a publicly traded specialty retailer whose portfolio included Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. He held senior management roles in finance and operations, supporting its large-scale retail and merchandising businesses. Throughout his career, Mr. Jackson has driven operational transformation, optimized cost structures, strengthened liquidity management, improved capital efficiency, and streamlined financial and operational processes to create long-term value.

“I’m excited for TerrAscend to enter an important phase of its growth,” said Eric Jackson. “The company has built a strong foundation in attractive markets, and I look forward to working with the team to improve financial performance, increase operating leverage and drive sustainable long-term value for our shareholders.”

Mr. Jackson holds a Bachelor of Science in Business Administration from the University of Miami and a Master of Business Administration from The Ohio State University.

For more information:
Terrigoera
terrascend.com

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