fbpx
QQQ
+ 3.43
280.37
+ 1.21%
DIA
+ 2.91
279.22
+ 1.03%
SPY
+ 4.08
338.05
+ 1.19%
TLT
-1.55
162.33
-0.96%
GLD
+ 1.19
177.23
+ 0.67%

New York Governor Pushes Marijuana Legalization In 2020

January 9, 2020 10:29 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print More

New York Gov. Andrew Cuomo proposed the legalization of adult-use marijuana during his State of the State address Wednesday in Albany. 

“For decades, communities of color were disproportionately affected by the unequal enforcement of marijuana laws,” he said. “Let’s legalize adult use of marijuana.”

Cuomo's efforts to push through recreational cannabis use started last year when he directed the state Department of Health to examine the potential effect of regulated cannabis in the state.

The results showed a regulated marijuana program would have more positive effects than negative ones.

Cuomo then presented the Cannabis Regulation and Taxation Act, but legalization didn't make it through the New York legislature last year. 

A legalized cannabis program could generate $300 million a year in tax revenue and billions of dollars more in economic activity once in place, Cuomo said, according to The New York Times.

In a briefing book released with the speech, he proposed establishing a Center for Global Cannabis Center for Science, Research, and Education, emphasizing the importance of comprehending the potential and limits of cannabinoids.

“The federal government failed Americans with opioids, and we cannot allow that to happen with cannabinoids.”

Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.

Medical Marijuana Measure On Ballot In Mississippi

The Mississippi secretary of state's office announced Wednesday that activists have generated more valid signatures than needed to place a measure for medical marijuana legalization on the November ballot, reports Marijuana Moment.

“Patients in Mississippi who suffer from qualifying debilitating conditions (cancer, epilepsy, and Parkinson’s disease to name a few) are a step closer to having access to a treatment option that patients in 34 other states are receiving relief from,” according to Mississippians for Compassionate Care.

If the measure is approved by Mississippi voters in November, physicians would be allowed to prescribe medical marijuana to patients who suffer from specific medical conditions.

The Mississippi State Board of Health released a resolution regarding the ballot initiative Wednesday, declaring its “strong opposition” to the measure.

South Dakota Will Vote On Adult-Use Marijuana

South Dakota Secretary of State Steve Barnett announced Monday that his office has approved a proposed constitutional amendment that would legalize adult-use cannabis and demand the state legislature to enact a hemp cultivation law, reports the Associated Press.

Posted-In:

Cannabis News Markets Media

Related Articles

Cresco Labs CEO Discusses Cannabis Industry Challenges, Reaching Nationwide Customer Base

The main thing holding the cannabis industry back is access to capital, according to Cresco Labs Inc (OTCQX: CRLBF) CEO Charlie Bachtell. read more

New Zealanders Finally Vote On Recreational Cannabis Legalization

This article was originally published on Cannabis & Tech Today, and appears here with permission. read more