• April 17, 2021
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  • New York lawmakers reach deal on adult use recreational cannabis

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    New York lawmakers reach deal on adult use recreational cannabis

    ALBANY (TNS) — New York lawmakers say it’s finally high time to legalize marijuana in the Empire State.

    Legislators reached a deal with Gov. Cuomo’s office Wednesday on a plan to license dispensaries, opening the door for home delivery options and even allowing enthusiasts to grow their own limited number of pot plants, sources said.

    Under the agreement, cannabis use will be legal for adults over 21.

    Cuomo’s office estimates that the program could pull in about $350 million a year once fully implemented.

    Efforts to approve recreational marijuana have repeatedly stalled in the Empire State over the past three years as Democrats in the Legislature sought to set aside a larger portion of potential tax revenue for minority neighborhoods and the governor wanted the state to retain control of the funds.

    The legislation, which could pass both chambers by as early as next week, imposes a 9% state tax on retail sales and counties would be able to add an additional 4% levy. Towns and cities could opt out of the program, sources said.

    Read full article here: https://www.thedailynewsonline.com/top_story/new-york-lawmakers-reach-deal-on-adult-use-recreational-cannabis/article_bca96793-6b50-5d23-b296-eb509b27f70b.html?mc_cid=a43b0e7155&mc_eid=b20cd943c2

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