Giambra claims that a cannabis excise tax of 13 percent, in addition to state and local taxes, would bring the state $500 million a year, according to new research that he commissioned. The candidate added that investing this money could bring additional jobs to the state, as every $1 billion spent on infrastructure would create 13,000 new jobs. “There’s another billion dollars in taxes and fees already projected in the Albany pipeline this year to deal with a deficit estimated of at least $4.4 billion. Undoubtedly, some of this legal weed will end up across the border in New York’s black market, increasing the pressure on the state to provide a legal, regulated alternative. Gov. Cuomo is up for re-election this year, and while he still has a good chance at winning again, voters’ support for cannabis reform may lead them to consider alternatives to the current establishment.