New York Recreational Marijuana 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%
New York's recreational marijuana program is relatively new, laws and tax rates may be subject to frquent changes.

2021 New York Recreational Marijuana Handbook

New York has 6 bordering states consisting of Connecticut, Massachusetts, New Jersey, Pennsylvania, Rhode Island, and Vermont.

Recreational marijuana is legal in Connecticut and is subject to a sales tax of 9.35%. There is no excise tax charged on recreational marijuana.


Recreational marijuana is legal in Massachusetts and is subject to a sales tax of 6.25%. There is also a 10.75% excise tax on all sales of recreational marijuana in Massachusetts.


Recreational marijuana is legal in New Jersey , but they choose not to tax recreational marijuana. There is no excise tax charged on recreational marijuana.


Recreational marijuana is legal in Vermont and is subject to a sales tax of 6.00%. There is also a 14% excise tax on all sales of recreational marijuana in Vermont.


Recreational Marijuana is illegal in Pennsylvania, Rhode Island, so there is no tax on recreational marijuana in those states.

About New York Recreational Marijuana

Is recreational marijuana legal in New York?

Yes, recreational marijuana is legal in New York

When and how did New York legalize marijuana recreationally?

New York legalized recreational marijuana in 2021. This law was passed using A1248-A and passed with a vote of %. The official name for this law is The Marihuana Regulation and Taxation Act

New York Recreational Marijuana possession limits


Marijuana:

  • 3 ounces of cannabis
  • 24 grams of concentrated cannabis
  • up to 5 pounds in a private residence or on the grounds
  • NOTE: these are possession limits only. The sale of recreational marijuana is not likely to start until at least 2022.

Plants:

  • 6 mature plants
  • 6 immature plants

What are the restrictions on growing at home?

Any plants must be stored within the person’s private residence or on the grounds of the residence. The person must take reasonable steps to ensure that the cultivated cannabis cannot be accessed by anyone under the age of 21.

What is the name of the agency that regulates New York recreational marijuana?

Office of Cannabis Management is responsible for regulating recreational marijuana in the state of New York.
** This Document Provided By SalesTaxHandbook **
Source: http://www.salestaxhandbook.com/new-york/marijuana/recreational