(The Center Square) — After a slow rollout, New Yorkers have been flocking to pot shops since legalized weed became available for retail sales two years ago, and that bodes well for the government’s tax coffers.
A new report from the New York State Office of Cannabis Management said adult-use cannabis sales have topped $1 billion since 2022, with more than 300 licensed pot shops now open for business across the Empire State.
“This milestone is a testament to the resilience, hard work, and innovation of cannabis entrepreneurs across New York,” Felicia A.B. Reid, the cannabis office’s acting director, said in a statement. “Certainly, this moment underscores the strength of consumer demand for regulated cannabis-importantly, it firmly demonstrates that a social and economic equity approach to industry is not antithetical to strong economic growth.”…