Cuomo hugging a woman in the Bronx on Friday the 26th.
Photo: EPA / CARLO ALLEGRI / EFE
With pomp, troubled Governor Andrew Cuomo announced today that he had already signed the “landmark” law passed last night by the Democratic majority in the New York Senate, approving marijuana for recreational use by adults.
After years of trying, recreational marijuana will be legal in NY, which it equates to 14 other states and Washington DC, which have similar laws.
“This is a historic day,” Cuomo wrote this morning on Twitter when announcing the news, calling it “last minute.” He noted that the advance “creates the automatic expungement of criminal records for marijuana that would now be legal ”.
New Yorkers won’t be able to buy marijuana right away; the state still needs to establish rules on sales and a proposed cannabis board. Assembly Majority Leader Crystal Peoples-Stokes calculated last week that Sales could take anywhere from 18 months to two years to start.
Estimates of the trade publication Marijuana Business Daily predict that New York could become the largest market on the east coast, generating a potential of $ 2.3 billion in annual sales for the fourth year of law enforcement.
New York will establish a Sales tax of cannabis of 9%, plus a local and county one of additional 4%, and another based on the level of THC, the active ingredient in marijuana, he noted Pix11.
Opponents of legalization include police organizations and groups representing parents and youth. “We are in the middle of the COVID-19 pandemic, and with the severe youth vaping crisis and continuing opioid epidemic, this harmful legislation is counterintuitive, ”several organizations wrote in an open letter earlier this month.
New York officials plan to conduct a study that will examine how cannabis affects the vehicle driving and if it depends on factors such as time and metabolism.
New law allows cities, towns and villages to choose not to allow retail cannabis dispensaries for adults or consumer licenses in their territories, if they manifest it before December 31, 2021 or nine months after the effective date of the legislation. But they cannot choose to deny recreational use approved last night.
At least two mayors on Long Island have already spoken out against allowing marijuana sales: Robert Kennedy (D) of Freeport, and Francis Murray (Independent) of Rockville Center.
On the eve of approval, they both told the New York Post that the car accident risks due to marijuana use they could outweigh the benefits of collecting 3% of sales tax revenue in their territories.
— New York Post (@nypost) March 30, 2021
#BREAKING: I just signed legislation legalizing adult-use cannabis.
The bill creates automatic expungement of previous marijuana convictions that would now be legal.
This is a historic day.
I thank the Leader and Speaker and the tireless advocacy of so many.
— Andrew Cuomo (@NYGovCuomo) March 31, 2021
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.