A new report by NYU professor Mitchell L. Moss suggests that New York legalize weed for this exact reason — Moss says profits from cannabis sales could be used to fix New York City’s public transit system, something subway officials say will cost $40 billion.
The report states that legal cannabis sales in North America reached $9.2 billion in 2017, and are projected to generate $47.3 billion over the next decade. Colorado, which legalized weed in 2012, has earned $862 million in total revenue since 2014, and Washington, which also legalized in 2012, has earned $686 million in excise tax revenue.