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NYC Could See $1.2 Billion In Marijuana Sales Annually, But Licensing Hiccups And Unregulated Market Are Holding It Back, City Economists Say - Marijuana Moment

The New York City cannabis industry could generate up to $1.2 billion in annual sales, resulting in about $47 million in local tax revenue, according to a report from the New York City Independent Budget Office (IBO), but significant changes are required in order to reach this potential due to the presence of unlicensed retailers and legal hurdles.

marijuanamoment.net
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