Many states have taken years to come down to the reasonable prices they're at now.

Also, grey market can compete in NY state:

The first nation reservations sell weed, and ain't subject to tax. In Western NY I can buy an ounce for as low as 30, and very good quality for more, at the same prices I see in States where it's been legal a long time.

Another note, look at cigarette sales in NY.

As a former tobacco smoker myself I will tell you the majority of heavy users in my area buy Seneca brand cigarettes on the reservation for $2.50 a pack, not Newports for 12.50 a pack. The reason they can sell them that cheap is again, the taxes.

I'm sure in a few year's legal prices will be more reasonable, but I don't foresee prices going down any time soon.

Edit: Before anyone asks where I get mine, or doubts my claim prices can be so low: https://www.leafly.com/dispensary-info/the-lab-dispensary/deals

Price. Sticker shops aren't paying the high taxes a legal place has too.

Im in Buffalo and fully expect to see sticker stores being targeted when they start opening the legal dispensaries here. The police in outlying suburbs (Cheektowaga) have already raided a sticker store/shut it down, so there is precedent.