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.