New York’s adult-use recreational cannabis market has recorded $16.5 million in total revenue since the state’s first dispensary opened in December.
By comparison, Missouri reported about $350 million in revenue during its first three months of recreational sales.
But officials said New York’s slower start is due to the state’s focus on social equity and helping those impacted most by the war on drugs.
According to the Bronx Times, New York currently has 13 dispensaries open across the state, with six of those up and running in New York City.
Trivette Knowles, a public affairs officer at the state Office of Cannabis Management, said most of the dispensaries are minority-owned.
The pace of New York’s cannabis rollout has irked some companies, however. Earlier this month, Terrapin killed plans for a facility in the state over “painful delays.”
