New York Lawmakers Take On The Cannabis Gray Market To Protect The State’s $4.2 Billion Industry

  • 📰 Forbes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

New York is projected to become the nation’s second-largest legal cannabis market after California with an estimated $4.2 billion market within five years.

“I guess there are some legislators [who] want to continue the war on drugs,” Zissou says. “The Majority Leader of the United States Senate sponsored a law to remove marihuana from schedule 1 and legalize Cannabis. And New York State Senator Savino wants to declare war on marijuana?”

“It is pretty important that we get our arms around it and stop this from happening because it opens the door to more of an illegal market continuing,” says Kruger. “We will not accept an illegal market.” Rolling With It: The dispensary truck known as Uncle Budd operates in New York City without a license—for now.In Albany, District Attorney P. David Soares has supported decriminalization and regulation for years. Soares says legalization in New York is long overdue but he thinks the state “missed the mark” by allowing New Yorkers to grow six plants at home, which will continue to fuel the illicit market.

“I cannot imagine us engaging in an operation and shutting down [an illegal dispensary], having him in front of a judge and asking that judge to sentence this person while we’re also being invited to cut a ribbon for the new dispensary that’s just a beautiful place,” Soares says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Times Square is living in 2029. Weed EVERYWHERE! Trucks, Stores, dudes walking up and down the street serving, and it's all good nobody acting stupid.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why a New York Bill Barring New Crypto Mines Would Be Bad for BusinessThe state senate should reject the legislation, which recently passed the assembly and would place a moratorium on approvals for permits for digital mining operations that use nonrenewable energy sources.
Source: CoinDesk - 🏆 291. / 63 Read more »