Our inbox this morning is full of opinion and conjecture..
Here are a few examples
Opinion in the NY Post
New York just lost a major excuse for legalizing weed
With the passage of President Joe Biden’s $1.9 trillion American Rescue Plan, New York is slated to receive a whopping $100 billion. Senate Majority Leader Chuck Schumer’s office praised this portion of the bill, as it wholly eliminates the massive budget deficit Albany faced.
Thanks to federal tax dollars, lawmakers in Albany no longer need to consider tax increases and spending cuts — and those pushing for marijuana legalization just lost a major excuse for expanding Big Pot into New York.
For months, we have heard incessantly from Gov. Andrew Cuomo and others that the upcoming state budget must include a provision to legalize — and tax — pot to shore up the budget, as well as to right the wrongs of prohibition by establishing an “equitable” industry and regulate the use of the drug, to eliminate the illicit market and keep it away from young people.
Alas, these points don’t match up with reality in the states that have already gone down this road. Indeed, one would be hard-pressed to find a single state that has accomplished any semblance of an “equitable” pot industry.
Top NY officials signal cannabis deal is imminent (Newsletter: March 16, 2021)
Green Market Report
Cannabis stocks surge after Governor Andrew Cuomo says New York is ‘very close’ on legalization