Marijuana Legalization Faces Make-or-break Moment in NY

It’s now or never for legalizing recreational marijuana use in New York State, according to Gov. Andrew Cuomo.

With New York staring at a massive budget hole blown open by the COVID-19 pandemic, legalizing marijuana could light up economic activity the Empire State to the tune of $3.5 billion, with 60,000 new jobs created and a new annual tax revenue stream of $350 million once fully implemented, according to the Governor’s office.

Hoping to get a joint deal with the legislature done in time for the April 1 budget deadline, Cuomo announced Monday several amendments to his budget bill geared toward legalizing pot in New York. The amendments, he said, reflect conversations the Governor’s office has had with state legislators about cannabis legalization — a years-long debate that’s often been stymied in Albany due to political differences.

“We don’t have an agreement yet, but I believe we’re making progress,” Cuomo said on Feb. 15 regarding negotiations on a marijuana legalization bill.

Yet the governor was blunt with his assessment that it’s make-or-break time for marijuana legalization.

“Legalizing recreational marijuana is something we’ve tried to do for several years. It is overdue, in my opinion,” Cuomo said Monday. “You have people incarcerated for crimes that, frankly, they shouldn’t have a record on. We also need the revenue…

Original Author Link click here to read complete story..

It’s now or never for legalizing recreational marijuana use in New York State, according to Gov. Andrew Cuomo.

With New York staring at a massive budget hole blown open by the COVID-19 pandemic, legalizing marijuana could light up economic activity the Empire State to the tune of $3.5 billion, with 60,000 new jobs created and a new annual tax revenue stream of $350 million once fully implemented, according to the Governor’s office.

Hoping to get a joint deal with the legislature done in time for the April 1 budget deadline, Cuomo announced Monday several amendments to his budget bill geared toward legalizing pot in New York. The amendments, he said, reflect conversations the Governor’s office has had with state legislators about cannabis legalization — a years-long debate that’s often been stymied in Albany due to political differences.

“We don’t have an agreement yet, but I believe we’re making progress,” Cuomo said on Feb. 15 regarding negotiations on a marijuana legalization bill.

Yet the governor was blunt with his assessment that it’s make-or-break time for marijuana legalization.

“Legalizing recreational marijuana is something we’ve tried to do for several years. It is overdue, in my opinion,” Cuomo said Monday. “You have people incarcerated for crimes that, frankly, they shouldn’t have a record on. We also need the revenue…

Source link

Latest posts