NYC high on its own supply as pot taxes skyrocket — but cannabis insiders say surge can be higher

Source: New York Post

They could be higher. The Big Apple got more money to burn thanks to legal pot sales — but the surge in tax revenue still isn’t matching the growing cannabis industry, city officials said. Marijuana tax revenues were projected to hit $24 million in fiscal year 2026 — a 33% increase from the prior year, according to Mayor Zohran Mamdani’s $127 billion preliminary budget plan released Tuesday.