May 12, 2021 20:28

New York Poised to Legalize Recreational Marijuana

New York is poised to join a growing number of states that have legalized marijuana after state lawmakers reached a deal to allow sales of the drug for recreational use, reports the Associated Press. The agreement reached Saturday would expand the state’s existing medical marijuana program and set up a a licensing and taxation system for recreational sales. Democrats, who now wield a veto-proof majority in the state Legislature, have made passing it a priority this year, and Democratic Gov. Andrew Cuomo’s administration has estimated legalization could eventually bring the state about $350 million annually.

The legislation would allow recreational marijuana sales to adults over the age of 21, and set up a licensing process for the delivery of cannabis products to customers. Individual New Yorkers could grow up to three mature and three immature plants for personal consumption, and local governments could opt out of retail sales. New York would set a 9 percent sales tax on cannabis, plus an additional 4 percent tax split between the county and local government. It would also impose an additional tax based on the level of THC, the active ingredient in marijuana, ranging from 0.5 cents per milligram for flower to 3 cents per milligram for edibles. The state will also launch a study due by Dec. 31, 2022, that examines the extent that cannabis impairs driving, and whether it depends on factors like time and metabolism. Legislative leaders hope to vote on the budget Wednesday to meet the deadline of having a budget in place by April 1.

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