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New York Retailers Sold 3.5 Million Marijuana Products In The First Year Of Legalization, State Report Says

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New York marijuana regulators published a year-end review of the state’s legal cannabis system on Friday, highlighting major milestones and offering a snapshot of the market almost exactly a year after the state’s first adult-use sales began.

Consumers purchased more than 3.5 million cannabis products during the year, New York State’s Office of Cannabis Management (OCM) said in the report. Once December figures are tallied, total sales for the year are expected to exceed $150 million.

That activity brought in more than $32 million in state revenue, including nearly $16.3 million during fiscal year 2023 and upward of $16.6 million by the midpoint of fiscal 2024.

Despite the nine-figure sales number, the totals are relatively low for a recreational cannabis market in a state with such a sizable population.

New York’s rollout of legal marijuana slowed to a crawl in 2023 amid a court injunction that barred regulators from processing hundreds of new retailer licenses. That created a bottleneck in the market from August until early December, when the state Supreme Court finally lifted the injunction. 2023’s sales figures likely would have been far higher if the launch of the adult-use market had proceeded without the interruption.

Currently, only about

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Pennsylvania Lawmakers Announce New Marijuana Bill To Catch Up With Neighboring States That Have Already Legalized

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Two Pennsylvania lawmakers have announced plans to file a new bill to legalize marijuana in the commonwealth to fulfill a “moral obligation” to repair harms of criminalization while also raising revenue.

With the state’s Democratic caucus emboldened after retaining the House in last month’s elections—and Majority Leader Matt Bradford (D) saying there’s a “will” in the chamber to “move forward” with cannabis reform—Reps. Rick Krajewski (D) and Rep. Dan Frankel (D) are now circulating a cosponsorship memo to build support for the forthcoming legislation.

“As a state that continues to criminalize recreational cannabis, Pennsylvania is now an outlier—24 states have legalized the practice, including 5 of the 6 states that border Pennsylvania,” the legislators, who led a series of hearings on cannabis reform over the past year, said.

“But legal or not, Pennsylvanians are consuming marijuana, whether by visiting our bordering states, buying unregulated hemp loophole products at gas stations and vape shops, or purchasing in the illicit market,” they said.

Notably, the memo doesn’t mention the prospect of a state-run cannabis market, which Frankel, who chairs the Health Committee, had previously floated as a possibility. Last year he said that the model is “certainly an option.”

“We have a

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Michigan nears $10 billion in marijuana sales (Newsletter: November 29, 2024)

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Feds want drug consumers on new workgroup; MD psychedelics task force; Study: Medical cannabis in prescription drug monitoring programs

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/ TOP THINGS TO KNOW

The National Institute on Drug Abuse is seeking people with “lived or living experience with drug use” to join a new workgroup to help shape the federal government’s drug research agenda.

Michigan Cannabis Regulatory Agency data shows that the state is poised to hit the milestone of $10 billion worth of recreational marijuana products sold since the launch of the adult-use market by the end of this year.

The Maryland Task Force on Responsible Use of Natural Psychedelic Substances is beginning

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DEA judge won’t remove agency from cannabis hearing (Newsletter: November 28, 2024)

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Australian Senate rejects legalization; State marijuana officials’ Thanksgiving messages; Study: CBG’s medical uses; FL medical cannabis licenses

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/ TOP THINGS TO KNOW

A Drug Enforcement Administration judge denied a motion to remove the agency from its role in an upcoming marijuana rescheduling hearing over claims it engaged in “unlawful” communications with a prohibitionist organization—though he did criticize the agency’s and the group’s responses to the allegations.

U.S. and Canadian federal officials, along with marijuana regulatory agencies in several states, sent cannabis-related Thanksgiving guidance—with some offering friendly tips like a map of dispensaries where consumers can “stock up” ahead of the holiday and others issuing stern warnings not to cross borders with marijuana.

Australia’s Senate rejected a marijuana legalization bill, with the

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