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Cannabis companies hoping for change in NY tax law

Summary by Buffalo News
At the crux of the issue is a misalignment between the tax collection cycle and the time it takes for distributors to collect their money from retailers.

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Buffalo NewsBuffalo News
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Cannabis companies hoping for change in NY tax law

At the crux of the issue is a misalignment between the tax collection cycle and the time it takes for distributors to collect their money from retailers.

·Buffalo, United States
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GreenStateGreenState

NY cannabis tax system is holding operators back

New York’s licensed cannabis industry is poised to reach new heights in 2025 following a milestone year in 2024, surpassing $1 billion USD in total revenue. But to reach its full potential, the state must first tackle a major hurdle—one that disproportionately impacts small and independent operators. RELATED: How policy impacts the future of cannabis The issue is simple but significant: the quarterly wholesale tax payment schedule currently requ…

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GreenState broke the news in on Wednesday, April 2, 2025.
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