The lead sponsors of a bill to legalize recreational marijuana use in New York said Tuesday that they are open to diverting part of the tax revenue to public transit systems
ALBANY — The lead sponsors of a bill to legalize recreational marijuana use said Tuesday that they are open to diverting part of the tax revenue to public transit systems — but only part of it.
Proponents of marijuana legalization have sought to ensure that communities that have been disproportionately affected by drug law enforcement reap some of the benefits of the new industry, rather than compounding historical inequities. But, she added, “everyone should remember there’s not going to be any cannabis money for a couple years."estimates that it will generate $300 million in annual tax revenue, but that will take years to come to fruition, and no money is projected in the first year.
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