Saturday, October 17, 2026

Legal sale of cannabis begins in New York; industry to hit $4 billion in value over five years

Before the new law went into effect in the midafternoon on Thursday, there was no way for consumers to legally purchase cannabis in the state.

• December 30, 2022
Cannabis store
Cannabis store

The State of New York in the United States officially decriminalised the sale of recreational cannabis on Thursday, marking an end to decades-long restriction. 

In March last year, the state legislature passed the first-of-its law to prioritise people that have been affected by the enforcement of marijuana laws to benefit from early business opportunities in the new industry.

Before the new law went into effect in the midafternoon on Thursday, there was no way for consumers to legally purchase cannabis in the state.

New Yorkers had lined up in their stretching numbers in several outlets across the city to purchase the newly available recreational cannabis. 

A 33-year-old stay-at-home dad, Kenneth Woodin, was in line at the cannabis dispensary in Greenwich Village in Manhattan. After nearly four hours of waiting Mr Woodin finally landed his hands on the product. He bought two bags, each containing an eighth of an ounce of smokable flower called Gorilla Glue for about $90.

“This is a part of history. I don’t want to feel like being a criminal anymore,” he told the New York Times.

The mood across dispensaries in New York was lively as people triumphantly celebrated the new freedom, with activists cheering on regulators and lawmakers who gave speeches celebrating the day.

According to projections, the cannabis industry would generate $4 billion in the next five years.

The latest development is part of efforts to finally decriminalise the use of marijuana in the United States, in which people of marginalised communities are mostly victims, especially the black community.

In October this year, U.S. president Joe Biden signed an executive order pardoning thousands of people convicted of marijuana possession under federal law, and said his administration would begin proceedings to determine whether marijuana should still be in the same legal category as drugs like heroin and LSD.

Mr Biden also urged governors of different states across the country to do the same.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Minister of Budget and Economic Planning Abubakar Bagudu

Heading 2

Tinubu’s economic reforms yielding results despite doubts: Bagudu

Mr Bagudu described Mr Tinubu as a visionary leader whose decisions demonstrated courage and commitment to national development.

Nigeria’s female U-17 team, the Flamingos

Sport

Flamingos lose 2-1 to Poland in FIFA U-17 Women’s World Cup opener

Poland’s Natalia Skrok made it two in the second half when Blanka Zajac, in the 65th minute, crossed into the Nigerian penalty area.

Peter Mbah

States

Gov Mbah scraps N750 daily ticket fee for Enugu tricycle operators, extends work hours

Mr Mbah also disclosed that tricycle operators would continue to use the state’s modern transport terminals free of charge.

Nuhu Ribadu

States

FG unveils five-point strategy to tackle banditry, terrorism in Sokoto

Mr Ribadu called for sustained security deployments around vulnerable settlements, forest corridors and border communities.

Heading 4

NAPTIP raises alarm over rise in parents’ facilitation of children’s sexual exploitation

The NAPTIP boss said parents and guardians were facilitating the sexual exploitation of their children to make money.