The 2024 Cannabis Market Report by the Office of Cannabis Management reveals significant developments in New York's cannabis sector. It encompasses data on licensing, retail performance, and consumer trends, showcasing the essential role of smaller brands in cultivating a competitive landscape. Key findings include an increase in retail sales, the popularity of cannabis flower, and a growing demand for premium products. The report underscores the impact of social equity licensees and microbusinesses in shaping the market, differentiating it from other states with larger corporate influences.
The 2024 Cannabis Market Report highlights New York's evolving cannabis market, emphasizing growth in sales, licensing, and the impact of independent brands.
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