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Cannabis Market Data

Overview

New York’s cannabis market has experienced rapid expansion over the past year, with total monthly sales climbing from $40.0M in March 2024 to $163.5M by February 2026. This represents a remarkable year-over-year growth rate of 54.8% for February 2026, far outpacing most established markets. While the market’s early months saw double-digit month-over-month gains, recent months show a moderation, with February 2026 sales down slightly (-2.7%) from January, suggesting the market is entering a more stable phase after its initial surge.

Pricing in New York remains among the highest in the country, with an average item price of $31.29 in February 2026. This is well above the national average and reflects both the premium positioning of many products and the relatively early stage of market development. However, average prices have declined from $35.41 a year prior, indicating increasing competition and greater product variety.

$163.52M

Feb, 2026

Sales

54.8 %

Year Over Year

Growth

Data Snapshot Mar 03, 2026

Market Comparison

New York’s February 2026 sales of $163.5M place it among the top five cannabis markets in the US, trailing only California ($286.9M) and Michigan ($206.2M) for the month. However, NY’s 54.8% year-over-year growth is the highest among large markets, signaling its rapid catch-up to more mature states. In contrast, established markets like California and Colorado are experiencing year-over-year declines (-6.4% and -8.4%, respectively).

Average item prices in NY ($31.29) are significantly higher than in Michigan ($8.88) and California ($18.44), reflecting both market maturity and product mix. NY’s high pricing may moderate as the market matures and competition intensifies.

New York Weed Prices

Product
Feb, 2026
YoY
Flower (Gram)
$14.38
Flower (Eighth)
$35.28
Edible (100mg)
$23.11
Concentrate (Gram)
$45.63
Top Strain
Blue Dream
StateSales ($M)Avg. Price ($)YoY Sales GrowthUnits Sold (M)
California286.918.44-6.4%15.56
Michigan206.28.88-14.8%23.22
New York163.531.2954.8%5.23
Illinois113.328.47-10.2%3.98
Massachusetts120.017.69-2.3%6.78
New Jersey83.931.27-2.3%2.68
Ohio88.631.2413.9%2.84
Colorado83.214.88-8.4%5.59
Data Snapshot Mar 03, 2026

Category Performance

Category
Feb, 2026
YoY
$
57.67
M
56.5
%
$
40.93
M
42.0
%
$
31.14
M
67.7
%
$
23.75
M
56.8
%
$
5.09
M
85.8
%
$
2.48
M
87.9
%
$
0.58
M
-24.7
%
$
0.28
M
33.3
%

While Flower and Pre-Rolls dominate sales, the Beverage category stands out for its explosive growth and unique consumer appeal. Beverage sales reached $2.48M in February 2026, up 88.2% year-over-year, with unit sales more than doubling (+134.1%). This growth rate outpaces the overall market and signals strong consumer interest in alternative consumption formats.

Within Beverages, Carbonated drinks lead the segment, followed by “Iced Tea, Lemonade, and Fruit” and Water. Notably, “Tea, Coffee and Hot Cocoa” saw the fastest year-over-year growth (+223.8% in sales, +627.2% in units), albeit from a smaller base. Average item prices in Beverages have dropped significantly, making these products more accessible and likely fueling further adoption.

For a deeper dive into top brands and innovation within New York’s beverage category, Headset Insights can provide detailed brand and SKU-level analysis.

SegmentSales ($M)Units SoldAvg. Price ($)YoY Sales Growth
Carbonated0.72135,8035.30192.4%
Iced Tea, Lemonade, and Fruit0.5289,0395.8292.8%
Water0.55102,7905.3525.0%
Mocktails0.3464,4065.3575.0%
Tea, Coffee and Hot Cocoa0.1523,0746.41223.8%
Drops, Mixes, Elixirs, Syrups0.176,08828.2270.0%
Sports and Energy0.032,7699.6444.2%
Data Snapshot Mar 03, 2026

Top Cannabis Brands in New York

Market Trends

Product Category Market Share In New York

Monthly Cannabis Sales

Historical Cannabis Sales In New York

New York Cannabis Reports

Report
December 21, 2023

New York Marijuana Trends

As of November 2023, New York adult use has cleared the legal hurdles and is now in the early stages of what is set to be one of the largest adult-use markets in the US.

New York Cannabis News

Blog
March 4, 2026

Two Years In: Winners, Losers, and the Brands Reshaping New York Cannabis

An analysis of 24 months of brand sales rankings in New York's legal cannabis market reveals a story of rapid growth, surprising upstarts, and some painful declines.
Blog
February 20, 2026

mFused × Headset Bridge – Turning Inventory Chaos into a 20% Sales Lift

How mFused used Headset Bridge to build a vendor-managed inventory program across 300+ stores, achieving a 20% average sales lift, zero partner churn in five years, and $90M+ in annually managed retail revenue.
User rating
NY
Emerging

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