NYC pot market will yield $1.2 billion in sales — after 2030

📆 25/8/2023 10:50 AM
📰 nypost

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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 Thursda…

The city collects a 4% cannabis excise tax on each sale of ganga. The state collects a 9% excise tax plus a potency tax on the distribution of cannabis.

IBO said that such market growth is possible — only if an average of 24 dispensaries opens per year, with each store making an average of $8.1 million in annual sales.But IBO also said that if the current slow growth patterns continue the city will not reach $950 million in annual sales until after 2030.

IBO said an estimated 1,500 unlicensed weed stores may hold as much as $484 million worth of untaxed cannabis products in total.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

“No Disabled Talent Will Feel Excluded From The Industry By 2030,” Targets TV Access ProjectThe TV Access Project (TAP), which launched at last year’s Edinburgh TV Festival, has set out how it intends for disability inclusion to be completely integrated into standard industry practi…
Source: DEADLINE - 🏆 109. / 63 Read more »