A few months ago, New York City was a vibrant cultural epicenter. Now, it’s become a desert island. With 40 percent of the city’s population moving out of state and companies going fully remote, crowded subways and buzzing streets are now empty. So is the state’s wallet. If you’ve watched Governor Andrew Cuomo’s press conferences recently, one issue has become abundantly clear: New York State is bleeding revenue.
It’s no secret New York lawmakers are in desperate need to restart the state’s economy and generate revenue. One industry that might give New York some much needed relief is legal cannabis.
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