Governor of New York Andrew Cuomo signs bill to decriminalize the possession cannabis. The governor stated “Communities of color have been disproportionately impacted by laws governing marijuana for far too long, and today we are ending this injustice once and for all." New Yorkers will no longer need to worry about getting arrested for small amounts of pot possession.
600,000 residents could now be eligible for the expungement of past cannabis-related convictions. The governor promised during his re-election campaign that he would pass a plan to regulate the production, sale and consumption of marijuana within the first 100 days of his second term.
New Yorkers could see legalization in 2019 by the Marijuana Regulations and Taxation Act, which was co-sponsored by 16 Democratic senators. Nine downstate Democratic senators were never convinced to support the plan, key votes that the bill needed to pass.
An issue that cause legalization to lose value is taxation. Legislation would have levied three taxes on the industry, one to be taken out at the time of cultivation, and two different kinds of taxes that would be charged upon sale to a retail dispensary, one whose revenues go to the state and the other for the county in which the dispensary is located.
Residents will have to pay $50 if they are discovered with under one ounce, and a $200 fine for quantities between one and two ounces.
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