New York’s coffers are starting to get a financial high from marijuana sales after a slow start.
The Empire State is expected to generate $161.8 million in tax revenues from its legal weed business for the fiscal year ending March 31 — or four times what it raked in last year.
Gov. Kathy Hochul’s budget released last week also projects generating $248 million in revenue from the state-licensed cannabis industry for the next fiscal year running from April 1 to March 31, 2026.
That’s a lot of green — up from $43.3 million raised in 2022-2023 amid a fitful rollout of the program.
State budget officials predict the revenues will then grow to $339 million in FY 2027, $363 million in 2028 and $374 million by 2029, based on expansion of the legal market.
Hellbound and Down 