New York Lawmakers Reach Deal to Legalize Cannabis
takyon writes:
New York lawmakers reach deal to legalize marijuana
New York lawmakers have reportedly reached an agreement to legalize recreational marijuana in the state.
According to Bloomberg, the state is prepared to legalize recreational marijuana use for people aged 21 and older.
The deal would reportedly include a 13 percent tax on sales and would provide licenses to dispensaries.
Nine percent of the 13 percent pot tax would go to the state, Bloomberg notes, while the remaining 4 percent would go to local governments. The New York governor's office estimates that a legal cannabis program in the state could bring in around $350 million annually, it added.
Also at CBS (2m37s video), and the New York Post.
See also: Legalizing Marijuana Is Cuomo's 2021 'Priority' For New York To Be 'Progressive Capital' Of U.S.
Why New York Legalizing Recreational Cannabis Won't Kill The Illicit Market
The Data On Legalizing Weed
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