Up to $3.5 billion. That’s how much marijuana might be sold annually if New York legislators choose to legalize recreational use this year, according to a recent state Department of Health analysis.All that sales revenue could generate up to $677.7 million in annual taxes for state and local governments. Even the state DOH’s $1.7 billion low-end valuation of New York’s pot market equates to $248 illion in annual taxes.
Legalization Of Pot Could Have Ny On An Economic High
Daniel Axelrod, Times Herald-Record
Sat, 01/26/2019 - 5:41pm
Sections: u.s.
Topics: New York Orange County, NY Middletown
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