Recreational Marijuana Bill Gains Traction in New York

New York State is moving closer to legalizing and taxing recreational marijuana, but is still wrangling over how to spend the new revenue as the end of its legislative session approaches.

State Senate and Assembly leaders said May 29 that there is enough support to pass a bill (A.1617-A/S.1527) for the growing, selling, and use of cannabis by those 21 or older, as well as the creation of an excise tax on certain cannabis sales.

Amendments to the bill introduced last week could tip the scale in favor of its passage before the end of session June 19, ...