Governor Cuomo: The MTA's budget sinks or swims on marijuana...

[brooklynite]

Updated Statement From Budget Director Robert Mujica on Revenue Projections for the MTA

"Congestion pricing is projected to yield $15 billion, the internet sales tax would yield roughly $5 billion, and the tax on cannabis could generate an additional $2 billion for a total of $22 billion for the next MTA capital plan. But even that leaves a shortfall to get to the low end of MTA's capital budget, which is projected at $40 billion. If we lose tax revenue generated by cannabis - then we will either need a 50/50 cash split between the City and State, or the pied-a-terre tax, which could raise as much as $9 billion, and we would still have a shortfall."

https://www.governor.ny.gov/news/updated-statement-budget-director-robert-mujica-revenue-projections-mta

Smoke 'em if you've got 'em...

[WheelWalker]

1. Just as soon as I shake this upper respiratory malady, I will.

[Mr. Smith]

2. Don't over-regulate it, or you won't see the anticipated tax revenues.

California's legal market, for example, is struggling because of intense regulation, high entry fees, and high taxes. That keeps a lot of producers in the black market, and a lot of consumers, too. Sacramento isn't getting the tax bonanza it thought it would.