As someone going for the next round of licenses... Two things I will say.

A.) Real estate is expensive, as are regulations. NY has done a really fantastic job at doing the right thing and making sure people don't skimp on stuff, but that also adds costs.

B.) Don't worry, this won't last. It's industry standard for prices to be high the first 1-3 years of a legal market before investors get their money out and wholesale prices come down.