New York Governor Andrew Cuomo has said legalising cannabis would create 60,000 jobs, generate US$300 million in tax revenue and help the economy bounce back after COVID-19.

In his State of the State address earlier this week, Cuomo said: “New York will do its part, we will legalise adult-use recreational cannabis, joining 15 other states who have already done so.

“This will raise revenue and will end the over-criminalization of this product that has left so many communities of colour over-policed and over-incarcerated.”

Details have not been confirmed but last week, Senator Liz Krueger filed a bill identical to one that was rejected in 2020 suggesting all sales be taxed at 18%. That is under review by the Senate Finance Committee.

New York decriminalised cannabis possession in August 2019.

Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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