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This is how much Tax New York State places on Marijuana sales

1 minute reading time (106 words)
tax

Let's be honest; the real reason New York State legalized adult-use recreational cannabis is due to the potential tax revenue it will produce.

Although marijuana was decriminalized, the state fast-tracked approval of the legalization of marijuana after COVID-19 wreaked havoc on the budget. So much money was provided for COVID-19 relief and to protect residents, that the state had few options to recoup the money. Then those in power realized that cannabis (and online sports betting) were the answer. Vices usually are, lol. People spend a lot of money on things like gambling, alcohol, tobacco, sex, drugs, and marijuana.

(Originally posted by Cannabis News)

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