New York Has Gone Full Rec In 2021
In a historical vote, late Tuesday night New York legislators have approved recreational cannabis. In addition to legalizing the adult use of cannabis this new bill would expunge the records of people previously convicted of possession. This cannabis bill was passed by the New York State Assembly with a 100-49 vote to push the bill through. All that is needed now is for Gov. Andrew Cuomo to sign the bill once it has made its way to his desk. Here’s what Gov. Cuomo had to say about the passing of this new cannabis bill late Tuesday evening
“Tonight, the New York State Legislature took the first step in a major leap forward for the Empire State by passing legislation to legalize adult-use cannabis,” he said in a statement. “For too long the prohibition of cannabis disproportionately targeted communities of color with harsh prison sentences and after years of hard work, this landmark legislation provides justice for long-marginalized communities, embraces a new industry that will grow the economy, and establishes substantial safety guards for the public.”
The passing of this new cannabis bill makes New York one of the top 3 largest adult-use markets in the U.S. cannabis industry. This victory puts the big apple alongside 16 other states that have gone full rec as well. With this bill now passed it will be legal for people 21 and over to have up to 3 ounces of cannabis in one’s possession. The sale of legal cannabis will have a 13 percent tax implemented. This 13 percent tac will break down into two parts 9 percent will go to the state and the remaining 4 percent will be used to help rebuild communities.
How Will New York Legalizing The Adult Use Of Cannabis Help The City?
With New York now being a full rec state, this new market will have the ability to create as many as 60,000 new jobs. Furthermore, with these new employment opportunities, the state has the chance to reach a yearly revenue of $350 million. Those who are citizens of New York will legally be allowed to cultivate their cannabis at home.
The requirement for home cannabis grows is a limit of three mature plants for adults over 21. In addition to six mature plants per household. People who have once been charged with cannabis possession under the new legal amount will automatically have their record expunged with resentencing.
“We applaud the New York Legislature and the tireless work of advocates for their commitment to ending cannabis prohibition through a social justice-centered approach,” said Steve Hawkins, executive director at the Marijuana Policy Project.
“We expect 2021 to be a record-breaking year for legislatures legalizing cannabis. More than two-thirds of Americans believe it’s time to end prohibition and this move represents the latest example of elected officials joining the chorus of support for legalizing and regulating cannabis for adults.”
After Gov. Cuomo signs his name on the bill New York will be another state to go rec. This new cannabis bill will form an Office of Cannabis Management. Also, a tax would be implemented on the percentage of THC 0.5 cents per milligram for flower. As well as 0.8 cents per milligram for concentrates, and 3 cents per milligram for edibles.
- Have You Heard Of These Marijuana Stocks? Watchlist Additions For April 2021
- Looking For Marijuana Stocks To Buy Right Now? 2 That Could Rebound In April
New York Cannabis Laws And Regulations
Under this new bill, Cops will not be able to use the odor of cannabis to warrant unlawful searches. Also, people who use cannabis will be secured against a bad judgment in regards to parenting, better education, and housing. This would be used for those who use cannabis or work in the industry. Next, The State Department of Health would look after the technology used for investigative research with cannabis-impaired driving. As well extra money for drug recognition experts also would be accessible.
In addition to this driving while under the influence of cannabis would remain a misdemeanor. Even though previous talks from lawmakers decided on downgrading it to a violation. Furthermore, New York’s current system for medical marijuana would also be amended. This change would add more medical conditions to the list that allow patients to consume cannabis products. Patients could also obtain a 60-day, rather than 30-day, supply.