Impending Legalization in New Jersey Will Put Pressure on New York

With recreational marijuana sales set to begin in Massachusetts over the summer and incoming New Jersey governor Phil Murphy poised to legalize pot as quickly as possible, there’s a good chance that hundreds of thousands of New Yorkers

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New York Moves Toward Legalizing Recreational Marijuana

New York Moves Toward Legalizing Recreational Marijuana

For New York state, 2018 has brought optimism and some fresh perspective for lawmakers debating the legal status of marijuana. In his Wednesday address regarding the 2018 Executive Budget Plan, Governor Andrew Cuomo (D) delivered remarks on “revenue raisers” – new taxes and fees that can potentially infuse ~$1B into the New York economy. Among several proposals put forth to accomplish this, the Governor made it apparent that he is open to the idea of legalizing recreational use of marijuana as a major revenue generator. Read more