As legalization gains momentum across North America, many officials in non-legal states are looking wistfully at their 420-friendly neighbors and wondering if they’re missing out on an opportunity to bring in millions of dollars in cannabis tax revenue.
A new report by New York University, for example, suggests that legalization in New York State could “generate a new revenue stream dedicated to mass transit” -- and help revive New York’s City’s crumbling subway system.
At the same time there’s a lot of discussion among economists searching for the “Goldilocks” model when it comes to taxing cannabis.
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Bruce Kennedy ~ Leafly.com ~
