New York: Marijuana Tax Handbook

New York:

New York Marijuana Tax Rate

Sales Tax Medical Excise Tax Medical Max Medical Tax Sales Tax Recreational Excise Tax Recreational Max Recreational Tax
N/A 7.00% 7.00% 13.00% N/A 13.00%

2024 New York Marijuana Tax Handbook

Medical marijuana legal in New York, but there is no cannabis sales tax for it.

New York consumers are required to pay a 13.00% sales tax on every purchase of marijuana for personal use. There is no additional cannabis excise tax on marijuana for personal use in New York.

About New York Marijuana Tax

Recreational sales of marijuana are not anticipated to start until the end of 2022.

The medical excise tax will be effective until 7/5/2028

What is the most recent revenue statistic for New York?

Money goes directly to the medical cannabis trust fund. It is then distributed to the counties in New York where the cannabis was manufactured, the counties in New York in which the cannabis was dispensed, 5 percent is sent to the office of addiction services and supports, 5 percent to the division of criminal justice services, and 45 percent to the state cannabis revenue fund.

Is the New York Marijuana Tax Weight-Based or Percentage-of-price-Based?

New York's marijuana program uses a Percentage-of-price tax system. This means that the tax charged is calculated using the retail price of the Marijuana at the time of purchase.

Does New York have a Controlled Substances Tax?

New York does not have a Controlled Substances tax involving Marijuana.

How do New York's marijuana taxes compare to the states around it?

New Jersey
Rhode Island

Note: It is illegal to transport marijuana accross state lines.

For more information about New York Marijuana Taxes, visit the New York Marijuana Tax page.

Extra Resources

** This Document Provided By SalesTaxHandbook **