New York Marijuana Legalization on the Table
What was looking like a potentially slow year for pot stocks a few months ago has sped into a furiously good start to 2021.
New York marijuana legalization is now being openly pushed by Governor Andrew Cuomo, meaning that one of the most powerful politicians in the country, in the one of the richest states, is putting his weight behind pot legalization.
The future of the legal cannabis industry lies within America. That is, when federal U.S. marijuana legalization eventually arrives, we’ll see a massive breakout for pot stocks.
Cuomo tweeted the following on January 11:
We will legalize adult-use recreational cannabis, joining 15 states that have already done so.
This will raise revenue and end the failed prohibition of this product that has left so many communities of color over-policed and over-incarcerated.
(Source: “Twitter post,” Andrew Cuomo, January 11, 2021.)
The state is hoping to bring in $300.0 million in tax revenue after New York pot legalization is instituted.
“I’ve supported [legalization] for years,” said Cuomo in a recent interview. (Source: “Cuomo Vows New York ‘Will Legalize Adult-Use Recreational Cannabis‘,” The Hill, January 11, 2021.)
“I’ve tried to pass it, but this is a year where we do need the funding, and a lot of New Yorkers are struggling. So I think this year…
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New York Marijuana Legalization on the Table
What was looking like a potentially slow year for pot stocks a few months ago has sped into a furiously good start to 2021.
New York marijuana legalization is now being openly pushed by Governor Andrew Cuomo, meaning that one of the most powerful politicians in the country, in the one of the richest states, is putting his weight behind pot legalization.
The future of the legal cannabis industry lies within America. That is, when federal U.S. marijuana legalization eventually arrives, we’ll see a massive breakout for pot stocks.
Cuomo tweeted the following on January 11:
We will legalize adult-use recreational cannabis, joining 15 states that have already done so.
This will raise revenue and end the failed prohibition of this product that has left so many communities of color over-policed and over-incarcerated.
(Source: “Twitter post,” Andrew Cuomo, January 11, 2021.)
The state is hoping to bring in $300.0 million in tax revenue after New York pot legalization is instituted.
“I’ve supported [legalization] for years,” said Cuomo in a recent interview. (Source: “Cuomo Vows New York ‘Will Legalize Adult-Use Recreational Cannabis‘,” The Hill, January 11, 2021.)
“I’ve tried to pass it, but this is a year where we do need the funding, and a lot of New Yorkers are struggling. So I think this year…
