New York group chosen to draft bill that would Govern recreational marijuana Marketplace

New York group chosen to draft bill that would regulate recreational marijuana market

New York Gov. Andrew Cuomo appointed a task force to draft recreational marijuana legislation which, if finally enacted, would position the state to have possibly among the biggest adult-use cannabis markets in the nation.

A 20-member group comprising New York state authorities and law enforcement officials, advocates and academics has been appointed to draft the legislation.

They are charged with coming up with recommendations for the nation ’s Legislature to consider in its upcoming session.

The group’s appointment comes three months after state officials issued a long-awaited report on the topic.

The state health department analysis concluded the benefits of legalizing recreational cannabis outweigh the dangers.

The study estimated that a regulated industry could bring in between $248 million (7% tax rate) and $677 million (15% tax rate) in local and state tax revenue in its first year.

Cuomo, a Democrat, said the group will be directed by his adviser, Alphonso David.

The group also includes Health Commissioner Dr. Howard Zucker and the heads of several other state agencies, legal assistants and academics in the University at Albany, the University at Buffalo and New York University.

– Associated Press and Marijuana Business Daily

Released at Thu, 02 Aug 2018 21:44:53 +0000

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