How many dispensaries are there in NY?

As of January 2025, there are approximately 275 licensed cannabis dispensaries operating across New York state. This number has grown significantly over the past year, with the state’s cannabis industry experiencing robust growth.

Recent Developments
  • The Office of Cannabis Management (OCM) has announced plans to more than double the number of dispensaries in 2025 
  • Officials aim to increase the total number of licensed dispensaries to over 625 by the end of 2025 
  • The Cannabis Advisory Board has recommended issuing up to 1,600 retail dispensary licenses for New York’s growing market
Market Growth
  • New York’s cannabis industry recently surpassed $1 billion in total retail sales 
  • The legal market is projected to continue expanding, with sales potentially exceeding $1.5 billion in 2025 .
  • Industry experts predict the state’s cannabis market could reach $6 billion in annual sales within the next two years

This rapid growth in the number of dispensaries and market size reflects the state’s commitment to fostering a robust and equitable cannabis industry, with over 50% of licenses awarded to social and economic equity applicants

Tags :
Share This :