Creso Pharma Ltd to benefit from New York State cannabis legalisation with leading executive appointed to assist US business developmentPosted by On


The Marijuana Regulation and Taxation Act has been introduced to legalise, tax and regulate recreational cannabis for adults that are 21 years and over in New York State and paves the way for the growth of a potential US $4.2 billion industry.

() (FRA:1X8) welcomes the Marijuana Regulation and Taxation Act (MRTA) to legalise, tax and regulate recreational cannabis for adults that are 21 years and over in New York State.

This legalisation is set to unlock a market expected to become one of the largest in the USA, with an estimated value of US$4.2 billion.

New York Governor Andrew Cuomo said in a statement: “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.”

One of largest recreational cannabis markets

Introduction of the MRTA follows long-term attempts to legalise recreational cannabis in New York State – this legislation would create a new Office of Cannabis Management (OCM), which would be controlled by a Cannabis Control Board. 

The OCM would then regulate the sale and distribution of both recreational and medicinal cannabis in New York State.

Under the new legislation, it is expected that up to three ounces of marijuana would be legal to possess.

If passed, New York State would become the fifteenth US state to…

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The Marijuana Regulation and Taxation Act has been introduced to legalise, tax and regulate recreational cannabis for adults that are 21 years and over in New York State and paves the way for the growth of a potential US $4.2 billion industry.

() (FRA:1X8) welcomes the Marijuana Regulation and Taxation Act (MRTA) to legalise, tax and regulate recreational cannabis for adults that are 21 years and over in New York State.

This legalisation is set to unlock a market expected to become one of the largest in the USA, with an estimated value of US$4.2 billion.

New York Governor Andrew Cuomo said in a statement: “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.”

One of largest recreational cannabis markets

Introduction of the MRTA follows long-term attempts to legalise recreational cannabis in New York State – this legislation would create a new Office of Cannabis Management (OCM), which would be controlled by a Cannabis Control Board. 

The OCM would then regulate the sale and distribution of both recreational and medicinal cannabis in New York State.

Under the new legislation, it is expected that up to three ounces of marijuana would be legal to possess.

If passed, New York State would become the fifteenth US state to…



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