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New York Reaches a Deal to Legalize Recreational Marijuana (Published 2021)
The move paves the way for a potential $4.2 billion industry, with millions of dollars in sales tax revenue reinvested in minority communities each year.
www.nytimes.com
Final vote is pending, but....
• Allows club-like / lounges for cannabis (but not alcohol)
• Individuals can grow up to 6 plants for home use (not sale) starting 6 months from signing, possess up to 3 oz
• 40% of tax revenues go to education, 40% to investment in communities hit worst by the drug war (i.e. minority districts), 20% to drug treatment/education
• 9% state tax, 4% local tax
• Automatic expungement of records for anyone convicted for things that are now legal (e.g. possession of less than 3oz)
Commercial enterprises (like dispensaries) are probably a year away.
Sounds like a pretty good deal to me.
Now all we have to do is figure out how to enforce "Don't Ding and Drive" laws....