New York Gov. Andrew Cuomo said he’d like to see the legalization of adult-use marijuana in the state early next year, which could create a $1.7 billion market, generate significant new business opportunities in the cannabis industry and curtail the state’s thriving illicit market.
According to the New York Times, Cuomo made the announcement Monday during a speech outlining his priorities for the first 100 days of his third term.
The governor’s interest in legalizing recreational marijuana comes on the heels of a state health department report he commissioned earlier this year that found “significant … economic benefits” of legalization.
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