New-York-lawmakers-reach-historic-deal-on-a-marijuana-legalization-bill.jpg

New York lawmakers reach historic deal on a marijuana legalization bill

New York lawmakers reach historic deal on a marijuana legalization bill

New York state lawmakers have reportedly finalized an agreement to legalize marijuana sales to adults over the age of 21. The final bill would clear the way for retail sales to begin as early as 2022.

The final bill would clear the way for retail sales to start in 2022.

Assembly Majority Leader Crystal Peoples-Stokes, the second-highest ranking Democrat in the chamber, said the bill will likely be brought up for a vote next week.

New York legislators have come close to passing marijuana legalization several times in recent years, but have been unable to finalize a deal. Since 2012, 15 states have legalized adult-use cannabis. New York’s neighbor, New Jersey, officially legalized last month.

What’s allowed, what’s not

The New York Times reported on some details in the final bill this morning. They include:

Allowing homegrow, with a limit of six plants per householdAllowing cannabis deliveryAllowing cannabis consumption lounges (with no alcohol)Creating a five-member cannabis control board to oversee and regulate the industryThe elimination of penalties for up to three ouncesAutomatic expungement of prior cannabis convictionsInstituting a 13% cannabis excise tax on adult-use productsA goal of 50% of licenses issued to equity applicantsCreating equity programs that include business loans, grants, and start-up incubatorsReinvesting cannabis tax revenues in communities most harmed by the war on drugsCuomo let go of the tax revenue

The long fight over the cannabis tax revenue appears to have been won by legislators, like Peoples-Stokes, who have insisted that those monies return to the communities most harmed by the war on drugs. In past years, Gov. Andrew Cuomo had insisted that his office control the tax revenue. Cuomo’s office has estimated that, once a legal marijuana industry is fully mature, it could bring the state about $350 million annually.

This month, with Cuomo in real political peril for the first time in his life, the governor may have compromised on that issue in order to claim a significant and dramatic legislative win.

Past sticking points for legalization in New York have included lack of support from suburban Democrats and concerns over how to address drivers suspected of driving high. It remains unclear how any agreement would address impaired driving.

The Associated Press contributed to this report.

Bruce Barcott

Leafly Senior Editor Bruce Barcott oversees news, investigations, and feature projects. He is a Guggenheim Fellow and author of Weed the People: The Future of Legal Marijuana in America.

View Bruce Barcott’s articles

By submitting this form, you will be subscribed to news and promotional emails from Leafly and you agree to Leafly’s Terms of Service and Privacy Policy. You can unsubscribe from Leafly email messages anytime.

Originally Published on 2021 03 25 by Bruce Barcott | Leafly


Thank you for joining us today for our latest news post. If you have any questions or comments about this post, we’d love to hear from you in the comments! Join the FindHempCBD.com newsletter to stay up to date on the latest Industry News and keep an eye out for our next news article!


Disclaimer: This content was sourced from Leafly and republished to our website to add value and additional content for our readers. In order to maintain the safety, functionality, and integrity of FindHempCBD.com, the sourced content may have been altered. To access the original content, please click the link below:
https://www.leafly.com/news/politics/new-york-lawmakers-reach-historic-deal-on-a-marijuana-legalization-bill

Share:

Share on email
Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
Share on reddit
Share on tumblr
The Editor

The Editor

FindHempCBD.com is the internet's largest CBD stores directory. Browse 100s of CBD businesses, find CBD near you, and more!
mood_bad
  • Comments are closed.
  • Sign Up For Our Newsletter

    Stay informed with the latest articles on our CBD blog

    Related Posts

    Pin It on Pinterest

    Share This

    Share this post with your friends!