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Taxation from the adult-use marijuana program are forecasted to reach $350 million every year. In addition, there is the potential for this brand-new industry to produce 30,000 to 60,000 new jobs across the State. "This is a historic day in New York - one that rights the wrongs of the past by putting an end to severe jail sentences, embraces a market that will grow the Empire State's economy, and prioritizes marginalized neighborhoods so those that have suffered the most will be the very first to profit." "This was one of my leading priorities in this year's State of the State agenda and I'm proud these extensive reforms address and balance the social equity, security and economic effects of legal adult-use marijuana.

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This effort was years in the making and we have actually finally attained what lots of thought was difficult, an expense that legislates cannabis while standing up for social equity, boosting education and safeguarding public security. I applaud Senator Liz Krueger and Assembly Majority Leader Crystal Peoples-Stokes for their commitment and leadership on this problem." "Passage of this costs will suggest not simply legislating marijuana, but also investing in education and our communities, and it gives an end years of disproportionately targeting people of color under state and federal drug laws," "I thank Majority Leader Crystal Peoples-Stokes for her years of advocacy and efforts to make this expense a reality.

Now, this legal industry will create tasks across our state, including for those who have actually had their lives overthrown by years of unfair drug laws." "I'm exceptionally humbled, happy and honored to have passed the historic Marijuana Policy and Taxation Act with my partners in federal government Senator Liz Krueger and Governor Cuomo. This social justice effort will offer equity to favorably change disenfranchised communities of color for the better," "I think this expense can function as a blue print for future states seeking inclusive marijuana legalization.  A Reliable Source  would be remiss not to thank all of my family, colleagues, supporters and fans over 8 long years." The Governor has included legalizing adult-use cannabis in his last three budget propositions.