NEW YORK, NY – More marijuana is consumed in New York City than anywhere else in the world, a study says.
Research by Seedo, a company that produces marijuana growing systems and advocates for the drug to be legalized, shows 77.44 tons of the drug were used in the city in the past year. That compares to 41.95 tons in the second biggest consumer internationally, Karachi in Pakistan.
The second biggest consumer in the U.S. is Los Angeles, which is in fourth place with 36.06 tons, the research shows. California recently made buying the drug legal.
The study used a formula including population numbers and United Nations data showing the prevalence of drug use to reach its estimations, it said.
If the drug was legal and taxed the same way as it is in cities where it’s not against the law to buy it more than $156 million could be raised each year, the company said.
“This study has revealed some incredible insights into the kind of tax revenue that legalizing weed could generate.” says Uri Zeevi, CMO at Seedo.
“Take New York City for instance, which has the highest consumption level in the study at 77.44 metric tons of cannabis per year. If they taxed marijuana at the average US cannabis tax level, the city could make $156.4 million in potential tax revenue per year.
“This is equivalent to providing nearly 3 months worth of free school meals to every single public school kid in New York City.”
New York’s governor Andrew Cuomo recently said the state was studying the effects that legalization of the drug would have.