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New York’s legal weed sales top $5M a day — but illegal market could be 10 times larger

Nypost · · 526 words · By Carl Campanile
New York State Cannabis Regulation Economic Impact of Marijuana Legalization Legal vs. Illegal Cannabis Markets
open_in_new Read the original article: https://nypost.com/2026/05/12/us-news/new-yorks-legal-weed-sales-top-5m-a-day-bu…

psychologyDetected Techniques

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

12 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 8
help Insufficient Evidence 2
schedule Pending 2
info
“New York State’s daily legal weed sales topped $5 million for the first time in history”
SINGLE SOURCE
One web search result explicitly mentions 'New York's legal weed sales top $5M a day', but the provided evidence does not include a second independent source to corroborate this specific milestone.
travel_explore
web search NEUTRAL — In the United States, cannabis is legal in 40 of 50 states for medical use and 24 states for recreational use.Main article: Cannabis in Alabama. First-time may be punished as a misdemeanor, but furthe…
https://en.wikipedia.org/wiki/Legality_of_cannabis_by_U.S._j…
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web search NEUTRAL — Why the Cannabis Sector May be Turning a New Leaf.
https://www.investopedia.com/company-news-4427705
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web search NEUTRAL — It has been just over five years since the Marihuana Regulation and Taxation Act was passed in 2021, legalizing the sale of adult-use cannabis products in New York. The state appears to have found fir…
https://www.mmjdaily.com/article/9836366/us-ny-the-highs-and…
info
“Daily sales averaged $5.14 million in April up from $4.85 million in March, $4.76 million in February and $4.4 million in January”
SINGLE SOURCE
The specific daily average figures for April ($5.14M), March ($4.85M), February ($4.76M), and January ($4.4M) are found in one web search result citing state data, but no other independent source confirms these exact numbers.
menu_book
wikipedia NEUTRAL — The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the olde…
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
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wikipedia NEUTRAL — New York, also called New York State, is a state located in the northeastern United States. Bordering New England to its east, Canada to its north, and Pennsylvania and New Jersey to its south, it ext…
https://en.wikipedia.org/wiki/New_York_(state)
menu_book
wikipedia NEUTRAL — New York, often called New York City (NYC), is the most populous city in the United States. It is located at the southern tip of New York State on New York Harbor, one of the world's largest natural h…
https://en.wikipedia.org/wiki/New_York_City
+ 3 more evidence sources
info
“There are now 659 licensed retail merchants selling weed and other cannabis products in New York State”
SINGLE SOURCE
The provided evidence discusses the legalization process and general challenges in NY, but does not mention the specific number of licensed retail merchants (659).
travel_explore
web search NEUTRAL — In December 2020, New York legalized recreational cannabis, becoming the 16th state to do so and the first state to explicitly embed social and racial equity into its licensing framework. New York's l…
https://beleafny.com/our-story/
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web search NEUTRAL — After trying to open a legal cannabis dispensary in New York for three years, Nubia Ashley was close to achieving her goal, possibly as soon as this month. Then on Monday, she got an email from the st…
https://www.nytimes.com/2025/08/02/nyregion/weed-cannabis-di…
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web search NEUTRAL — More on cannabis and marijuana in New York: New bill proposes additions to NY cannabis law’s equity category. CNY village approves retail marijuana by a single vote, in example of a divided NY.
https://www.newyorkupstate.com/marijuana/2021/12/new-yorks-i…
info
“Empire State authorities have shuttered more than 600 illicit shops since weed became legal”
SINGLE SOURCE
While evidence mentions efforts to close illegal shops and one source mentions 'more than 750' in a specific city context, there is no evidence confirming the state-wide figure of 'more than 600' specifically.
travel_explore
web search NEUTRAL — Others have much more severe penalties such as some Middle Eastern and Far Eastern countries where possession of even small amounts is punished by imprisonment for several years.[8] Countries that hav…
https://en.wikipedia.org/wiki/Legality_of_cannabis
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web search NEUTRAL — Chris Alexander, executive director of the New York State Office of Cannabis Management, explains why there are still so many illegal weed stores in New York, and discusses plans to close them while o…
https://nymag.com/intelligencer/article/why-are-there-still-…
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web search NEUTRAL — "Illegal cannabis shops have not only undermined the safety of our city, but have also put the credibility of regulated vendors at risk," said Madelyn Wils, interim president, the Fifth Avenue Associa…
https://www.nyc.gov/mayors-office/news/2024/07/mayor-adams-c…
info
“The state Cannabis Control Board approved 32 new cannabis licenses last week, bringing the total number of licenses to 2,259”
SINGLE SOURCE
The provided search results for this claim are generic news homepages (Google News, CNN, AP) and contain no information regarding cannabis licenses or the number 2,259.
travel_explore
web search NEUTRAL — Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
https://news.google.com/
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web search NEUTRAL — President Donald Trump has tried to will an agreement into existence. Instead, he’s made it abundantly clear to everyone that he’s desperate for a deal. The United States waited 10 days for Iran’s...
https://www.cnn.com/
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web search NEUTRAL — U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher.
https://apnews.com/
info
“The sheriff’s office and the NYPD just shut down an illegal “grow house” in the Bronx on Tuesday”
SINGLE SOURCE
The evidence mentions a grow house in Northern California and general NYPD/Sheriff activity in NYC, but does not confirm a specific grow house shutdown in the Bronx on a Tuesday.
travel_explore
web search NEUTRAL — North Carolina sheriff’s offices participate in the 287 (g) program.
https://www.ice.gov/identify-and-arrest/287g
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web search NEUTRAL — The sheriff's office is investigating Upton for alleged violations of human trafficking for forced labor, illegal cannabis cultivation, manufacturing a controlled substance, possession of cannabis for…
https://www.cbsnews.com/sanfrancisco/news/mendocino-county-c…
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web search NEUTRAL — At a New York City Council hearing on the proliferation of unlicensed smoke shops Wednesday, Sheriff Anthony Miranda, who is leading the task force, testified that “teams will be dispatched to all fiv…
https://gothamist.com/news/nyc-councilmembers-urge-sheriff-n…
info
“The sheriff’s office and NYPD have sealed more than 1,650 illicit pot shops”
SINGLE SOURCE
One source mentions the city closed approximately 640 shops, but there is no evidence in the provided results confirming the figure of 'more than 1,650' shops.
travel_explore
web search NEUTRAL — Thirty-seven police departments and sheriff's offices currently participate in...
https://www.ice.gov/identify-and-arrest/287g
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web search NEUTRAL — The city has closed approximately 640 illegal smoke shops, seized about $20 million in illegal products, and issued around $53 million in fines and penalties since launching the operation in May, Adam…
https://ny1.com/nyc/bronx/mornings-on-1/2024/07/18/adams--ny…
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web search NEUTRAL — A search of the store was conducted by members of the NYPD, Sheriff’s Office and DA Katz’s Detective Bureau on January 10 at approximately 8 p.m. This operation is part of the District Attorney’s ongo…
https://queensjewishlink.com/index.php/local/26-community-co…
info
“Total cannabis sales from licensed operators since the inception in 2022 following the legalization of marijuana for adult use totals $3.2 billion”
SINGLE SOURCE
Wikipedia mentions a general $4.2 billion tax revenue for all legal states in 2023, but there is no evidence confirming the specific $3.2 billion total for New York since 2022.
travel_explore
web search NEUTRAL — It was reported that in 2023 the states with marijuana legalized for personal consumption purposes generated around 4.2 billion in annual tax revenue. However this income does not include city takings…
https://en.wikipedia.org/wiki/Cannabis_in_the_United_States
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web search NEUTRAL — Ashley Southall writes about cannabis legalization in New York. A version of this article appears in print on , Section A, Page 14 of the New York edition with the headline: Weed Dispensary Owners Are…
https://www.nytimes.com/2025/08/02/nyregion/weed-cannabis-di…
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web search NEUTRAL — WeWork Raising Billions In Debt To Bolster IPO In Extraordinary Step.
https://www.investopedia.com/company-news-4427705
help
“Pot sales totalled $1.7 billion over the prior 12 months and $553 million from January through April”
INSUFFICIENT EVIDENCE
No evidence was found after searching for these specific sales totals.
help
“generating $37.9 million in sales for the week [of April 20] — a 20% increase over 2025 — with single-day sales on the day reaching $8.6 million”
INSUFFICIENT EVIDENCE
No evidence was found after searching for the specific sales figures for the week of April 20.
schedule
“the OCM said it will create its own capital loan fund to help weed merchants”
PENDING
schedule
“In 2024, the Hochul administration halted a multimillion-dollar state Dormitory Authority fund designed to help disadvantaged people open cannabis shops”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.