New York Cannabis Market Size Is Expected To Reach USD 7.45 Billion By 2030
San Francisco, 17 December 2024: The Report New York Cannabis Market Size, Share & Trends Analysis Report By Product (Flowers, Oils and Tinctures), By Source (Hemp, Marijuana), By End Use (Medical, Recreational, Industrial), By Region, And Segment Forecasts, 2024 - 2030 The New York cannabis market size to reach USD 1.7 billion by 2030 and is projected to grow at a CAGR of 16.9% from 2024 to 2030. The MRTA act has established a framework for the legal sale of adult-use cannabis, encompassing licensing, taxation, and distribution requirements. This framework is not limited to recreational purposes, but also defines the conditions for market development. Furthermore, programs aimed at licensing individuals from affected communities will promote participation and inclusivity in the market. The authorized retailers’ growth in 2024 is expected to increase the accessibility of cannabis products, thereby posing a threat to the black market. As the number of dispens...