A High Tax State – New York’s Potency Tax on Adult-Use Cannabis
The Blunt Truth
APRIL 22, 2021
In order to raise the projected revenue while furthering the stated policy goals of helping those from disproportionately impacted communities and community reinvestment, New York took a novel approach to taxation of cannabis. per milligram; (2) concentrated cannabis at eight-tenths of one cent (0.8) per milligram; and. (3)
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