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Meet the lawmakers, regulators, executives, and investors shaping the future of New York s cannabis industry.
New York legalized cannabis on March 31 and sales are expected to start in 2022.
New York legalized cannabis for adults over the age of 21 in March, setting off a gold rush for companies looking to take advantage of the potentially $7 billion market in the US s financial capital.
Right now, there are only ten cannabis licenses in the state s medical market, and the companies that own each license will look to quickly transition from New York s relatively limited medical market to the recreational market.
Image from: Twitter / @SenGianaris
Just hours after New York s state lawmakers passed landmark legislation that not only legalizes recreational adult use of marijuana but also includes key equity and justice provisions, Democratic Gov. Andrew Cuomo signed the bill into law early Wednesday, paving the way for cannabis storefronts to start opening as early as next year. This law is the new gold standard for reform efforts nationwide. Melissa Moore, DPA A new era for marijuana justice is here. After years of hard work against long odds, New York has enacted one of the most ambitious marijuana legalization programs in the country, said Melissa Moore, New York state director of the Drug Policy Alliance (DPA), in a statement late Tuesday.
After years of advocacy on many levels, New York State has FINALLY legalized the use of adult-use (recreational) marijuana. New York Governor Andrew Cuomo signed the historic cannabis legislation earlier today, making New York the 15th state to legalize adult-use cannabis. The state is now positioned to become one of the largest markets for legal cannabis in the U.S.
Additionally, New York is now one of the few states where legalization is directly tied to economic and racial equity. The new law will enact a program that will reinvest millions of dollars of tax revenues from cannabis in minority communities that have suffered for decades because of the racial criminalization of cannabis and the war on drugs.
Gov. Cuomo s plan to legalize marijuana faces an alternative in the NY legislature. (Creative Commons)
Marijuana Policy
New Mexico Marijuana Legalization Bill Wins Committee Vote. The House Health and Human Services Committee voted on Monday to approve House Bill 12, one of four marijuana legalization bills filed in the state this year. In addition to setting up a system of taxed and regulated marijuana sales, the bill would lift some restrictions on the state s medical marijuana program and some limits on the number of plants producers can grow. The bill now goes before a tax policy committee before heading for a House floor vote.
Governor Andrew Cuomo announced Wednesday that he will introduce a proposal that would finally legalize marijuana in New York state.“I’m announcing a proposal t