New York’s Massive Cannabis Gray Market Could Cost The State $2.6 Billion In Lost Taxes By The End Of The Decade

  • 📰 Forbes
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

According to a new report, with only four licensed cannabis dispensaries in the Empire State and more than 1,400 unlicensed pot shops, the Wild West of Weed will lose billions in revenue if it doesn't stop the lawlessness soon.

HOW AMERICA BOTCHED CANNABIS LEGALIZATION

As for the criticism that OCM’s focus on social equity and the slow rollout of the licensed market is effectively helping the unlicensed market take root on seemingly every corner of Manhattan and the other four boroughs, Kagia says doing the right thing takes time. “The state would generate about $200 million per year with 20% of the existing smoke shops converting to a transitional license,” says Paula Collins, an attorney who represents unlicensed dispensaries.

The real issue at hand is that some of the unlicensed shops, especially those operating as private clubs with modest “membership fees,” have a sound legal argument thanks to a loophole, or a “safe harbor provision,” depending on your perspective, in the Marijuana Regulation and Taxation Act that allows their unlicensed businesses to operate legally.

“I estimate that the state would generate about $180 million to $200 million per year with 20% of the existing smoke shops converting to a transitional license,” says Collins. “The way I see it is that the unlicensed market has always been here, and these transactions have always occurred. But it’s really the state that’s not making the overtures to the unlicensed market, which I think would really solve a lot of problems and put money in the pockets of the state and the city.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 394. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

What are they going to do…. Tell them they aren’t allowed to bank 🤣

Wanna beat market lower store pricing down to street pricing

It's amazing when you cross into the reservations and see how many there are. Just a mile strip of them.

Al rato más adictos con y sin licencia.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Jessica Alba talks building The Honest Company empireIn this Sunday Sitdown lookback, actor and businesswoman Jessica Alba joins Willie Geist to talk about the clean consumer goods brand she founded a decade ago called The Honest Company. “When I had my baby she really changed the context of my life and my priorities, and I really just thought about my life choices and purpose and legacy differently,” Alba says. WillieGeist jessicaalba Honest Chris Wallace already did this.
출처: TODAYshow - 🏆 389. / 55 더 많은 것을 읽으십시오 »