A recent worldwide study conducted by Seedo indicates that New York City residents consumed 77.44 tons of marijuana in the last 12 months. Los Angeles and Chicago also made the study’s top 10 list, with LA placing fourth at 36.06 tons used and Chicago at eighth with 24.54 tons used.
New York is currently studying the potential effects of recreational legalization, according to New York City Patch.
“This study has revealed some incredible insights into the kind of tax revenue that legalizing weed could generate. Take New York City for instance, which has the highest consumption level in the study at 77.44 metric tons of cannabis per year. If they taxed marijuana at the average US cannabis tax level, the city could make $156.4-million in potential tax revenue per year. This is equivalent to providing nearly 3 months’ worth of free school meals to every single public school kid in New York City,” said Uri Zeevi, CMO at Seedo.