Marijuana Tax Revenue Could Contribute $670M Annually to Subway Repairs

Damage from Hurricane Sandy is still wreaking havoc on New Yorkers with key lines and stations closing for repairs in 2019. MTA estimates it will need $40 billion over the next 10 years to make necessary repairs, yet that money has to come from somewhere. Why not weed? State and City officials are beginning to kick around the idea of earmarking tax money from legalized marijuana for subway repairs. According to a report released by NYU’s Rudin Center for Transportation Policy and Management, legalizing pot could generate as much as $670 million annually. While this would only make a dent in the money needed to repair the subway system, at least these funds would not have to be diverted from other public services.

This past June, Governor Cuomo commissioned a study by the state’s health commissioner that recommended the legalization of marijuana in the state. New Jersey is already taking steps to legalize pot, as is Massachusetts.

Leave a Comment

Powered by WP Phone Number