Posted on 08/25/2023 10:42:36 AM PDT by ChicagoConservative27
New York City’s legal marijuana market could generate $1.2 billion in sales and $47 million in tax revenue for city coffers when fully operational — but the high times might not happen until after 2030.
The long wait for the bud bucks to finally bloom is due to the current slow rollout of the opening of pot stores, of which only a handful of legal shops have opened, a new analysis released Thursday reveals.
“The rollout of the legal cannabis market has been slowed, however, by several challenges: illicit sales by unlicensed businesses, siting and funding issues for dispensary owners, and multiple lawsuits that have halted market growth in its tracks. As a result, the specific timeline for market maturation is unclear,” the city Independent Budget Office said in its report.
(Excerpt) Read more at nypost.com ...
Check how things are going in Cali.
The cartels will never relinquish their profits. They undercut the licensed dealers AND offer 'protection' that can not be refused.
The legal places here are a complete joke. They are way more expensive than the hundreds of places on the Rez, which is barely 20 minutes away.
It’s been a huge help in Michigan with the roads and schools, things that were being ignored. I trust the God-given plant over man-made alcohol which truly ruins livers.
Sounds like your screenie should be SirSmokesalot. 😁
It is a shame that gov is relying on distributing poison for it’s income.
We used to produce good things!
Now just games and illicit drugs.
When pot’s legalized it’ll be like utopia.
I heard that my whole life.
Another leftist lie.
Biden is thinking of limiting beer consumption. Maybe this will be the substitute?
Spend the money now.
If it does not ever show up demand state and federal aid!
Government controlled markets never work. This is but the latest exhibit.
“We used to produce good things!
Now just games and illicit drugs.”
You forgot experimental “vaccines”.
And result in $2.2 billion in costly externalities.
Sure it will. New York State is going to find out just like Colorado did that the black market is much cheaper than their overtaxed legal market. They’ll make some money off middle-aged drug tourists, but the young people will buy it off the street from their buddy Paco for half the price.
they stopped issuing licenses...
they were only issued to convicted criminals, dint sit well
Yeah and lottery money will support schools. My arse!
Also, they never figure in the social costs. Crime, families destroyed, welfare, etc.
No wonder the illegal Chinese are going into the pot growing business.
Tong Vs Cartel not going to be a fun event.
So did I with the high tax on it, but many prefer to grow their own.
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