In a landmark deal, New York lawmakers have agreed to legalize recreational marijuana. The measure would allow for retail sales to adults over 21 and set up a licensing process for delivery services. The state would also grant licenses to individual growers to cultivate up to three mature plants and three immature plants for personal use. The legislation would take effect immediately, although the governor’s office has said that it could take several years before the state’s regulatory process is fully in place.
Under the plan, recreational stoners would be allowed to grow up to six plants per household, or up to twelve plants per household. They would have to wait 18 months before they could start growing. The bill also includes a nine percent state tax on retail marijuana sales. The revenue generated could be as much as $300 million. Similarly, cities that allow local sales of marijuana might tack on another 4 percent to the tax. And the bill also creates a new state regulatory agency to oversee the cannabis industry.
Under the bill, people can grow up to three ounces of marijuana or 24 ounces of cannabis concentrates for personal use. They can also grow up to six plants at home. In addition, people can grow up to twelve plants per household. The bill removes marijuana from the list of controlled substances and will allow the sale of recreational marijuana. In addition, the state will also provide grants to communities affected by the drug war.
If passed, the New York legislation would take effect immediately. However, it would take some time to implement the rules and set up a proposed cannabis board. The state’s governor Andrew Cuomo is expected to sign the bill. Besides the bill, the New Jersey Senate Finance Committee Chair Liz Krueger and Assembly Majority Leader Crystal Peoples-Stokes are also supportive of legalization. The proposed law will also legalize possession of up to three ounces of marijuana. NORML are opposing the prohibition of pot.
The New York law will set up a sales tax on cannabis, and the state will split the rest of the money between county and local governments. The tax would be split between the two levels of government, while the city would pay the other two. A second part of the bill would be the automatic expungement of the records of people who are convicted of marijuana-related offenses. It’s an important step in legalizing recreational marijuana.
The new laws will require a state licensing board. The state will ensure that the cannabis industry is run legally. In addition to regulating the business, the law will also prevent illegal operators from owning retail stores. Further, it will be important to auto CBD star make legal marijuana products affordable and convenient for the public. A study conducted by the state’s medical cannabis industry estimated that the marijuana market in New York is already worth $4.6 billion and is projected to reach $5 billion by 2027.
In the state of New York, legalizing recreational marijuana would have a positive effect on the state’s economy and on disadvantaged communities. While white and African-American populations are similarly benefited from the legislation, African-Americans are more likely to be arrested for marijuana than their white counterparts. Moreover, the new law will also allow for cooperatives in the medical cannabis industry. A third benefit is that people can choose to join such cooperatives and invest in the cannabis industry.
The new legislation will also abolish penalties for possession of less than 3 oz of cannabis. Moreover, the state will also automatically expunge records of marijuana-related convictions. As a result, the new laws will make the state’s economy more prosperous and safer. It will also give the people more freedom to choose the products they want to consume. These products will be sold online and at local cannabis lounges.
