It’s a milestone for stoners.
New York is set to hit the $1 billion mark in cannabis sales since the legal market launched two years ago, state officials tell The Post.
“These numbers clearly indicate that New York is open for business. There’s strong momentum behind the market right now,” said John Kagia, policy director for the state’s Office of Cannabis Management.
Pot sales hit $863.9 million as of last week — and they could top the billion-dollar mark by the end of December, regulators say. The state surpassed $500 million in sales in August.
The market has ramped in recent months after a rocky rollout marred by lawsuits, a massive illegal market and enormous backlogs in the awarding of retail licenses issued by the often-criticized understaffed and overwhelmed OCM.
The turmoil and hiccups delayed the state’s timeline to develop the new legal market for marijuana.