New York Gov. Andrew Cuomo (D) is calling for the legalization of recreational marijuana as the state looks to fill a projected $6 billion budget gap.
Cuomo on Tuesday released his $178 billion spending proposal for fiscal 2021, an increase of about 1.2% over the current year, according to a 152-page budget briefing book released with his speech.
The proposal includes a 20% state tax on marijuana. Once fully rolled out, the plan is expected to bring in $300 million in tax revenue, according to the governor’s office.
The proposal to regulate and tax marijuana came alongside plans to revive ...
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