New York Governor Andrew Cuomo just revealed that the empire state is close to legalizing recreational cannabis. Analysts were expecting New York to go legal in 2021 – but after Cuomo’s revelations, it looks like it’s going to happen sooner than expected.
Here are some more details from Marijuana Moment.
Marijuana reform advocates are seeing a number of positive signals in the push to legalize marijuana in New York—with the governor saying a deal is “very close” and a new resolution from the Senate saying that a legalization bill “shall be passed outside of the budget process.”
Cuomo said on Monday that “passing marijuana reform and legalizing recreational marijuana” remains a priority and that he spent the weekend speaking with Assembly Majority Leader Crystal Peoples-Stokes (D), sponsor of the MRTA, “working through” the legislation. He said they are “very close on marijuana.”
New York potentially going legal is important for two reasons.
#1 – New York Would Be One of the Largest Cannabis Markets in the World
New York is expected to quickly grow into one of the largest cannabis markets in the world. In a recent report, authors Parrott and Mattingly predict that annual cannabis sales could come close to $4 billion by the end of the decade.
Here is some more data from the report: Continue reading "How To Play New York's Legalization Of Recreational Cannabis"