Cannabis may soon be legal in New York State. Governor Andrew Cuomo and parliament have long argued, now a corresponding law could follow in a few days.
After years of controversy, marijuana legalization in New York State may be imminent. An agreement between Governor Andrew Cuomo and members of the state parliament in Albany could be followed by the passing of a corresponding law in the next few days.
“Cannabis legalization in New York will focus on equity, investing in communities, economic opportunities for historically disenfranchised people, research, education and public safety,” said Albany majority leader Crystal Peoples-Stokes. She is the initiator of the legislation and is happy about the positive effects that legalization will have for many New Yorkers.
Emerging billion dollar market
New York with its almost 20 million inhabitants – and the metropolis of the same name – would be the 15th US state to allow marijuana for free use. It is estimated that this could create a billion-dollar market in the coming years, generating $ 350 million a year in additional tax revenue.
The main reason for legalization, however, is the fight against structural racism: the current cannabis legislation in New York had discriminated against non-whites. Although consumption is more or less evenly distributed, blacks were many times more likely to be arrested for marijuana crimes.