Connect with us

Nation

New York lawmakers reach marijuana legalization deal

Published

on

marijuana stores colorado where to buy

On Wednesday, New York State officials announced that they have reached a deal to legalize recreational marijuana, The Wall Street Journal reported. Assuming all goes according to plan, legalization would come into effect starting next year.

The deal would allow those in the Empire State to buy and possess up to three ounces of marijuana, as well as grow their own plants, according to The Journal.

The reform measures are planned to be taken up next week by the state Assembly and Senate, lawmakers said, per the newspaper. Gov. Andrew Cuomo (D) has proposed legalizing marijuana in the state budget that is due by next week.

MORE ON MARIJUANA: Election 2020 Statewide Referendums: marijuana, mushrooms, wages, state flags, and more

According to the legislation, a 9% state tax would be levied on retail sales that could generate $300 million a year in new revenues, The Journal reported. Furthermore, cities, towns, and villages could impose an additional 4% sales tax or opt out of allowing local sales and deliveries.

MORE ON MARIJUANA: Report: Biden staffers fired for past marijuana use after being told it would be ‘overlooked’

The deal reportedly includes the founding of a new state regulatory agency—the Office of Cannabis Management—to license growers, retail sales, delivery and on-premises consumption. Although, it was unclear when they might actually begin.

Want to get more details about this story? Then read the full Wall Street Journal report here.

You can follow Douglas Braff on Twitter @Douglas_P_Braff.

You may like

Continue Reading

Nation

Members of Uvalde community say shooting feels surreal

Published

on

CleanShot 2022 05 27 at 07.56.11

Sara Carter attended a vigil for the victims of Robb Elementary and spoke with several families on ‘Hannity.’

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending

Proudly Made In America | © 2022 M3 Media Management, LLC