Cannabis Prices Decline in New York Amid Market Expansion

LOS ANGELES- The legal cannabis market in New York is experiencing a notable decrease in product prices, coinciding with rapid industry growth and increased consumer access.​

Price Reductions Across Product Categories

Recent data indicates a downward trend in cannabis prices across various product categories. As of March 2025, the average price for 3.5 grams of cannabis flower is approximately $38.96, reflecting a slight decrease from previous months. Concentrates and vapor pens have seen more significant price reductions, each declining by 15% over the past year. ​

The price decline aligns with substantial growth in the state’s legal cannabis market. In January 2025, legal cannabis sales reached $121.91 million, up from $97 million in December 2024. The market is projected to achieve $1.5 billion in sales by the end of 2025. ​

Factors Contributing to Price Declines

Several factors contribute to the decreasing prices:​

• Increased Retail Presence: The number of licensed cannabis retailers has grown, enhancing competition and consumer access.

• Regulatory Enforcement: Efforts to curb unlicensed cannabis sales have bolstered the legal market, encouraging consumers to purchase from regulated sources. ​