New York May Finally Legalize Weed

An agreement has allegedly been reached in New York to legalize cannabis use, possession, and sale within the coming week.

New York has battled to legalize cannabis for several years now, and it looks like we may finally see the Empire State join the green rush and legalize the plant.

Speaking with Bloomberg, the Senate Finance Committee Chair Liz Krueger said that “the three-way agreement has been reached and that bill drafting is in the process of finishing a bill that we all have said we support.”

The bill would legalize the consumption, production, and sale of cannabis for those aged 21 years and above, with a 13% state tax, and an excise tax of up to 3 cents per milligram of THC based upon the potency of the product.

New York Governor Andrew Cuomo said earlier in the week that New York was close to reaching an agreement on the legislative effort, and will likely be voted upon next week.

“This year we have to get it done, and getting it done by the time the budget is passed is essential,” said Governor Cuomo.

Cannabis is not just social equity, it’s also revenue for the state.