New York Gov. Proposes Adult-Use Cannabis Legalization in State Budget
As part of his sweeping state budget, New York Gov. Andrew Cuomo today proposed a plan to legalize, tax and regulate adult-use cannabis and to expunge past cannabis-related conviction records of residents. Because this is contained within a state appropriations package, this plan could move quickly in the state legislature.
Cuomo’s pitch would cap the number of cultivation, distribution and retail licenses allowed in the state, and would prohibit companies from vertically integrating.