Why New York’s plan to legalize cannabis for adult recreational use is a big deal

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New York Gov. Andrew Cuomo’s plan to legalize cannabis for adult recreational use in the Empire State is a milestone in the push toward full legalization of the substance in the U.S., experts said Wednesday.

Cuomo said Tuesday in his State of the State speech that he’s including in his budget for the current fiscal year a plan to make cannabis legal for adults over the age of 21. The governor is aiming to create a legal industry that would include minority- and women-owned businesses and create jobs in some of the more economically deprived parts of the state. Ten states have so far legalized cannabis for recreational use, while another 33 have legalized medical cannabis.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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