In the Empire State, recreational marijuana sales could balloon to $7 billion once the market is fully established. Seemingly every cannabis company in the country wants in.
Your big-picture run-down
Though sales are expected to begin sometime in 2022, New Yorkers can now possess and smoke marijuana if they're over the age of 21. Medical marijuana was already legal in New York.
Growing marijuana at home, cannabis delivery, and "consumption lounges" — where customers can smoke cannabis in a designation location — will also be allowed in the state, though an exact date is still not known.
The state's limited medical cannabis program will also see expansion under the new adult-use bill. The list of qualifying medical conditions for medical cannabis will be expanded, along with product options. Flower products, which are not allowed under the current program, may be permitted.