New York Gov. Andrew Cuomo’s proposal to legalize recreational marijuana includes some business permitting and market constraints as well as taxes, according to budget documents released this week.
Legislation hasn’t been introduced yet.
But Cuomo’s initial plan includes these general proposals, according to his budget briefing book and the Rochester Democrat & Chronicle:
- Separate licenses for MJ growers, distributors and retailers.
- A prohibition on growers from owning retail stores.
- License priority to businesses owned by minorities, women and “struggling” farmers, according to the Democrat & Chronicle.
- An option for counties and cities to ban retail stores.
- Three taxes: A grower tax of $1 per gram of cannabis flower and 25 cents per gram of cannabis trim; a wholesale tax of 20%; and an additional 2% wholesale tax collected on behalf of the county where a retail store is located.
The plan suggests the earliest sales could begin would be April 1, 2020, the Democrat & Chronicle reported.
Marijuana companies usher in a new era of collaboration with mainstream players.
”Three taxes: A grower tax of $1 per gram of cannabis flower and 25 cents per gram of cannabis trim; a wholesale tax of 20%; and an additional 2% wholesale tax collected on behalf of the county where a retail store is located.
Another 100% of taxation. Well at least the California black market growers won’t need to worry about competition. New York will still have 80-90% of California’s imported high end cannabis for the street vendors.
Maybe Governor Cuomo could impose a California Tariff on cannabis imports! Either way, let’s just hope New York goes hard on the industry, California will appreciate the business!
Legalization in NY! See you soon Big Apple! Wonder why no mention of processors/manufacturers or delivery? Hopefully Gov. Cuomo has a solid team of cannabis experts advising him as he moves forward.
My take is that he is throwing stuff against the wall to see what sticks, and what is going to be a problem. Don’t bet on what you see right now being set in stone whatsoever. Getting my popcorn ready as we speak for a heated and entertaining next couple of months. Meanwhile, please change the MMJ program, that you can do immediately.
Wow .. Lets get the younger people dumbed down so we can strip them of their constitutional rights without a fight.
why the need for a distributor there should just be a clearinghouse like any other commodity. We don’t need more middlemen in the equation. Why can’t growers own a distribution outlet????? Its the growers of this plant that are the backbone of this industry. SMH leave it up to the government to screw things up. Yay legal weed.