Another revenue stream that will be pushed by Cuomo is the legalization of recreational marijuana, which was expected to eventually generate more than $300 million in tax revenue.
“The governor’s proposal builds on years of work to understand and decriminalize cannabis for adult use,” the Cuomo administration said in a statement.
“Decades of cannabis prohibition have failed to achieve public health and safety goals and have led to unjust arrests and convictions particularly in communities of color.”
In 2019, Cuomo signed legislation to decriminalize unlawful possession of marijuana.
Voters in New Jersey in November legalized marijuana for recreational use.