Marijuana prices plummet 17% in New York as legal market ramps up: ‘Competition is high’

Raluca Maniță

It’s getting cheaper to get high in New York. The average price of pot has plummeted 17% since legalization in New York state, with a market ramp up that has boosted the availability of marijuana brands in more stores, industry officials said. In 2023, the average “unit price” for cannabis was $38.61. It’s now $32.15, the state Office of Cannabis Management reports. The number of licensed pot stores in the Empire State has soared past 500 , stocking products from a growing group of farmers