New York is fast-tracking recreational marijuana legalization with the Senate 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. The bill now goes to the Assembly and it could be approved sometime this week.
Source:
https://wbng.com/2021/03/30/nys-senate-passes-bill-to-legalize-recreational-marijuana-now-moves-to-assembly/