ALBANY, N.Y. (NEWS10) — Gov. Cuomo introduced a proposal to legalize and create a complete system to supervise and regulate hashish in New York as a part of the 2021 State of the State. Beneath the Governor’s proposal, a brand new Workplace of Hashish Administration could be created to supervise the brand new adult-use program, in addition to the State’s present medical and cannabinoid hemp packages.
Moreover, an equitable construction for the adult-use market will probably be created by providing licensing alternatives and help to entrepreneurs in communities of colour who’ve been disproportionately impacted by the “warfare on medication,” the governor’s workplace stated. As soon as absolutely carried out, legalization is predicted to generate greater than $300 million in tax income.