New York Office of Cannabis Management
The Office of Cannabis Management is a proposed agency of the New York state government. It was announced by Governor Andrew Cuomo in the January 2019 State of the State address. The office would be charged with the regulation and taxation of the cannabis industry in the State of New York, following legislation of recreational cannabis which was widely expected to occur during the 2019 legislative session.[1][2] Tax revenue taken in by the agency was estimated by the Governor to start at $83 million in 2021 and rise to $300 million at full implementation in 2023.[3]
References
- ^ Dan M. Clark (January 15, 2019), "Cuomo Details Marijuana Legalization, Criminal Justice Reform in NY Budget Speech", New York Law Journal
- ^ David Klepper (January 9, 2019), Democrat-controlled NY state Legislature starts 2019 session, Associated Press – via WGRZ,
The Legislature's formal start kicks off 61 session days spread over a six-month work period expected to be dominated by debates over marijuana legalization...
- ^ Marijuana legalization and NY: Recreational push in 2019 legislative session, AM New York, January 15, 2019
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