Some cannabis boosters say visitor and natural amenities make a village like Lake Placid a prime location for marijuana tourism. The village, like others around the Adirondacks, has yet to decide how to handle New York State’s legalization of the drug. Photo by Kris ParkerWhile towns consider whether to opt out, some say the park is perfect for marijuana tourism
By Janet Reynolds
Cannabis advocates may have done a happy dance March 31 when New York State became the 16th state to legalize adult recreational cannabis use, but so far Adirondack Park town officials are taking a wait-and-see approach.
The governor’s office is projecting that the adult-use cannabis market could reach $4 billion statewide upon maturity and generate up to $350 million annually in tax revenue. The Marijuana Regulation and Taxation Act (MRTA) establishes the local excise tax on the sale of cannabis products at 4% of the products’ price. Counties would receive 25% of the local retail tax revenue while 75% would go to each municipality hosting a dispensary.
While the potential tax revenue sounds alluring for a region that struggles to lure commercial ventures, town officials contacted for this article universally said it was too soon to tell if their town would