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New York state lawmakers passed a bill on Tuesday legalizing recreational marijuana, with Governor Andrew Cuomo saying he would assent it.
New York will join 14 other US states and the District of Columbia in allowing the usage of cannabis after the bill was supported by both state chambers, where Cuomo’s Democratic Party holds strong majorities.
Cuomo said in a statement, “For too long the prohibition of cannabis disproportionately targeted communities of color with harsh prison sentences, this landmark legislation provides justice for long-marginalized communities, embraces a new industry that will grow the economy, and establishes substantial safety guards for the public.”
Cuomo’s office has said the change could net an additional $350 million in annual tax revenues and create tens of thousands of jobs.
The law will permit adults 21 and over to purchase cannabis and grow plants for personal consumption at home, with a plan to divert some funds to drug treatment and education.
New York would automatically clear records of people with past convictions of marijuana-related offenses that would no longer be criminalized.
The law would also remove penalties for possession of up to three ounces of the drug (85 grams), the new personal possession limit. An existing medical-marijuana program would be expanded.
The state plans to tax marijuana sales at nine per cent, with revenues from an additional four-per cent tax divided between local and county government.
The move comes amid Cuomo’s investigation over an alleged pattern of sexually harassing and intimidating women employees, as well as accusations that his administration orchestrated a cover-up of nursing home deaths related to Covid-19.
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, says multilateral debt relief for low-income countries will boost investment and trade globally. Okonjo-Iweala said this on Monday while speaking […]
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