cutting cannabis taxes

New York Governor’s budget proposal includes the elimination of the state’s potency tax. This tax was included in the 2021 legalization legislation.  In addition to local and sales taxes, the tax potency  taxes distributors at the rate of half a cent per milligram of total THC for flower, eight-tenths of 1 cent per milligram for concentrates and 3 cents per milligram for edibles.

MJBIzDaily | New York governor proposes eliminating marijuana product potency taxes