New York's first legal recreational marijuana dispensary, Housing Works Cannabis Co, opened in Lower Manhattan on Thursday, with dozens of others on the way.
of 13% on all products, the state is projecting $1.25 billion in tax revenue over the next six years, according to the New York Post.
People wait in line for the 4:20 PM grand opening of Housing Works Cannabis Co on December 29, 2022 in New York City. Legal shops will have to compete against the flourishing black market though, which has the advantage of not paying taxes. Mayor Eric Adams announced a crackdown on unlicensed establishments earlier this month.
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New York opens its first legal recreational marijuana dispensaryThe first legal dispensary for recreational marijuana in New York is ringing up its first sales, opening up what is expected to be one of the country’s biggest and most lucrative markets for cannabis.
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New York opens its first legal recreational marijuana dispensaryThe first legal dispensary for recreational marijuana in New York rung up its first sales on Thursday, opening up what is expected to be one of the country's most lucrative markets for cannabis.
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