Long Island’s Marijuana Prices Top New York State

According to recent data from the state, marijuana dispensaries on Long Island are selling the most expensive cannabis in New York. In fact, they outstrip all other regions.

Licensed stores in Nassau and Suffolk counties are expected to charge around $41 for 3.5 grams come 2024. This figure represents the highest average price for cannabis in the state and is projected to generate more retail revenue than NYC, the Hudson Valley, and all upstate areas, even with significantly fewer stores available, as outlined by the state Cannabis Control Board.

Long Island captures 11% of the state’s retail sales segment, though it only accounts for 3% of the actual pharmacies.

Since legal marijuana sales began in late 2022, prices statewide have dropped by about 17%. However, cannabis consumers on Long Island still find themselves paying more than those in regions like the Mohawk Valley and New York City, based on state statistics.

Despite this surge in the local legal marijuana industry, some users are reportedly seeking alternatives due to high prices. “You can never buy from these stores because of the legal prices,” mentioned David Gonzalez, who opted to grow his own cannabis instead.

Currently, Long Island hosts only around six legal dispensaries spanning both counties. Gonzalez expressed, “There aren’t many pharmacies on Long Island, and they know that, so they charge exorbitant prices. At the end of the day, they know people will pay.”

Even though Long Island’s dispensaries are thriving, the limited number means some customers still feel the pinch. Legal dispensaries in Suffolk County generated almost $4 million in tax revenue last year, with each store raking in an average of $20 million in sales—unmatched in the state, according to OCM data and the Suffolk Comptroller’s Office.

Interestingly, some consumers choose the legal market, despite higher costs, because they trust that the products are tested for safety, free from harmful pesticides and additives.

Raushaun Robinson, a regular user from Long Island, shared he often skips the dispensaries due to price but does buy “shake,” which is remnants from cannabis plants sold at lower prices. He also noted that he can get 28 grams of California marijuana—from street vendors—for about $130 to $160, which offers a better aroma and taste compared to New York’s legal options.

In contrast, the same amount of cannabis from Long Island dispensaries costs about $200 or more, according to local menus. While state regulators predict prices may decrease as more dispensaries open, they caution that a rapid price drop could be detrimental to both producers and retailers.