New York leaders have reached a deal to legalize weed across the state, a move that represents another victory in the state-by-state push by pot advocates to win more approval around the country -- while also opening up a new source of tax revenue and bringing in scores of new jobs.
There are estimates that in New York City alone, making recreational marijuana legal could bring in tens of millions of dollars for the city thanks to the ability to tax the product, similar to how tobacco products like cigarettes are slapped with taxes. New York Gov. Andrew Cuomo's office released a statement on Sunday explaining how the agreement that's been reached would do a couple of things, like expanding the state's existing medical marijuana programs, while also setting up an Office of Cannabis Management -- to, according to the governor's office, "implement a comprehensive regulatory framework that would cover medical, adult-use and cannabinoid hemp." What's more, this agreement could net the state as many as 60,000 new jobs and bring in $350 million annually in new tax revenue, per Cuomo's office.
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NY just legalized recreational marijuana, and this is when you can buy it originally appeared on BGR.com on Tue, 30 Mar 2021 at 22:52:54 EDT. Please see our terms for use of feeds.
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