New York State Gubernatorial candidate Joel Giambra says that the criminal justice savings and tax revenue generated by marijuana legalization in New York State could help improve public transportation and infrastructure statewide - starting with the New York City subway system. An article in Newsweek Giambra cited NY Grows' analysis of the issue: "New York State is 45th in the nation for overall infrastructure quality... A taxed and regulated system can allow cannabis sales to bring tremendous financial relief to New York State."
Over $500 million in tax revenue would be generated annually should New York decide to tax and regulate marijuana for adult use. Added to the criminal justice savings, these funds would go along way to boosting the state's economy and opening up resources for further investments in our infrastructure. Read the full article here.