AGENCY TESTIMONY
IBO's estimates of NYC's legal cannabis market size and tax revenue
2:17:27
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19 sec
The IBO provides estimates for the potential size and fiscal impact of New York City's legal cannabis market at maturity.
- IBO's most recent update in May 2024 estimated annual tax revenue between $33 million and $200 million for the city
- This wide range is influenced by various factors affecting the cannabis market
Alaina Turnquist
2:17:27
IBO has been estimating the potential size and fiscal impact of New York City's cannabis market for over a year.
2:17:34
Our most recent update in May 2024 estimated that New York City's legal cannabis market could at maturity yield between 33,000,000 $200,000,000 in annual tax revenue for the city.
