New York Legalizes Cannabis for Adult Use

New York Legalizes Cannabis for Adult Use
by is licensed under
New York has legalized cannabis becoming just the fourth state to approve the reforms via the legislative process. The measure passed both chambers along party lines and was signed into law Wednesday morning by Gov. Andrew Cuomo (D).

Some aspects of the reforms took effect immediately, including adult possession, expungement of crimes now legal under the new regime, and the creation of the Office of Cannabis Management. The law allows adults to grow their own plants – three mature and three immature – but that provision doesn’t take effect until sales begin, which are anticipated in about 18 months.

Rep. Richard Gottfried (D), a longtime champion of the reforms in the state, called the law’s passage “a milestone on the road toward a more rational drug policy in New York.”
Article Photo Credit: by is licensed under
Thumbnail Photo Credit: by is licensed under
DYNAMIC WEALTH RESEARCH

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
SHARE DYNAMIC WEALTH RESEARCH
© 2016 - 2024 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer