PROHIBITION ENDING –
August 25, 2021 – A wholesale tax will be charged based on potency — a cent per milligram on edibles, eight-tenths of one cent on concentrated cannabis and a half-cent per milligram on flowers or buds.
New York officials estimate that marijuana sales could generate $350 million a year in tax revenue for government coffers and create jobs for residents in disadvantaged communities.
Massachusetts has been selling cannabis at local pot shops since the fall of 2018 — with many customers crossing the border from upstate New York.
New Jersey and Connecticut also recently passed laws legalizing the sale of marijuana for recreational use and are moving to set up rules for the new industry.
