This erased past convictions and set the framework for state-regulated drug sales. Andrew Cuomo on Wednesday morning signed a bill passed by state legislators the night before to legalize recreational marijuana in New York State. The debate between Cuomo and state legislators over regulation and tax revenues delayed legalization efforts for years, even as public opinion polls showed that most New Yorkers supported legalization. New Yorkers with previous marijuana convictions will be wiped out under the new legalization law.
Previous attempts to legalize marijuana were hampered by disagreements over how tax revenues from sales would be distributed. A top Wall Street analyst presents 5 cannabis stocks to buy now that could explode as New York legalizes marijuana. Cannabis companies are racing to capitalize on New York's legal marijuana market, but illicit marijuana vans and galleries pose a surprising threat. Bergen-Cico does not expect legalization to have a significant impact on the behavior of college students, given that the legal age is 21 and universities will continue to ban drug use.
New Yorkers still can't buy legal marijuana without a medical cannabis card, and they haven't yet seen draft regulations for the state's adult marijuana market. It is legal to smoke marijuana in any public place where smoking tobacco is allowed, but not inside cars, schools, or workplaces. Board Chair Tremaine Wright leads it for the first time in a Cannabis Conversations series, where she answers questions from the public about legalization Legalization of the plant goes into effect immediately, but legal recreational sales are not expected to begin for another year or two.
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