Marijuana could be legal in all of New York state very soon. Spectrum’s NY1 reports that a deal has been reached between state lawmakers, Gov. Andrew Cuomo’s office and criminal justice advocates. A bill could be voted on as early as next week.
According the NY1’s source, the agreement would legalize “cannabis products for adult use and allow residents to maintain a limited number of marijuana plants in their homes.”
Lawmakers on Wednesday afternoon were finalizing the bill’s language.
The measure is also a significant victory for a growing cannabis industry in the country, which is expected to generate billions of dollars in economic activity in the coming years in New York alone.
The agreement reached by lawmakers includes stipulations that would encourage small businesses to be able to set up shop. The agreement also includes a social equity fund that is meant to divert some of the revenue generated by marijuana sales to job placement and after school programs.
This is such good news… for so many of my New York City friends. LOL. I should get ready to start a home business…