If New Yorklegalizes marijuana use, it might create a $three.1 billion market, New York City Comptroller Scott Stringer informed CNBC.
New York state would achieve $435.7 million yearly in tax income for legalized weed: New York City would get about $336 million, he stated.
“This is a new revenue stream,” Stringer stated Wednesday on “Power Lunch.” “This is going to impact the kinds of resources we’ll have to invest in education, to invest in health care.”
In April, U.S. Senate Minority Leader Chuck Schumer introduced a plan to decriminalize marijuana on the federal degree. Currently, laws to legalize marijuana use all through New York is pending in Albany.
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