New York is fast-tracking recreational marijuana legalization with the Senate and House overwhelmingly approving it on Tuesday. The legislation taxes pot sales at 13% with the bulk of that going to the state. According to Governor Cuomo’s office sales of legal pot could result in $350 million of tax revenue per year once fully implemented which is expected to take up to 2 years. The bill now goes to the governor’s desk for his signatre.
Source:
https://www.wivb.com/news/ny-lawmakers-vote-yes-on-legal-marijuana/