Vote to Legalize Adult-Use Cannabis in New York Expected This Week

Cannabtimes

<![CDATA[New York’s S.B. S854 would provide the regulatory framework for adult-use cannabis, construct a licensing and taxation system for adult-use sales, create a social and economic equity program to assist individuals impacted by cannabis enforcement and expand the state’s existing medical cannabis and hemp programs, as reported in a press release by ny.gov.Cuomo’s administration projects that legalization could generate 30,000 to 60,000 jobs across New York and that tax collection from the program could reach $350 million annually, the release states."For generations, too many New Yorkers have been unfairly penalized for the use and sale of adult-use cannabis, arbitrarily arrested and jailed with harsh mandatory minimum sentences. After years of tireless advocacy and extraordinarily hard work, that time is coming to an end in New York state," Cuomo said. "Legalizing adult-use cannabis isn’t just about creating a new market that will provide jobs and benefit the economy — it’s also about justice for long-marginalized communities and ensuring those who’ve been unfairly penalized in the past will now get a chance to benefit. I look forward to signing this legislation into law."According to the release, New York’s Cannabis Regulation and Taxation Act contain the following provisions:The Office of Cannabis Management would be required to enforce a comprehensive regulatory framework regarding adult-use, medical and cannabinoid hemp, governed by a five-member board, with three members appointed by the governor, one appointed by each house. It would increase the number of allotted caregivers per patient, allow home cultivation of medical cannabis for patients and permit people with a substantial list of medical conditions to access medical cannabis.The agreement would establish a two-tier licensing structure that would allow for an extensive range of producers by separating processors and growers from owning licensing stores.It would establish a social and economic equity plan to assist individuals impacted by…

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Source : Vote to Legalize Adult-Use Cannabis in New York Expected This Week

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