Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Rocky Mountain High Brands, Inc. (RMHB) Message Board

New York Gov. Andrew Cuomo is calling for the lega

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 75386
(Total Views: 698)
Posted On: 01/07/2021 12:15:49 AM
Posted By: cute1265
New York Gov. Andrew Cuomo is calling for the legalization and regulation of marijuana for recreational use by adults, his third attempt in as many years to get the drug fully legalized in the state.

Cuomo, a Democrat, planned to announce his proposal Wednesday as part of his upcoming State of the State agenda for the year.


The proposal calls for the creation of a new Office of Cannabis Management that would oversee recreational use as well as existing medical use.

It also would offer licensing opportunities for those in communities that have been disproportionately impacted by law enforcement efforts against marijuana to become entrepreneurs in the new recreational market.


Cuomo’s latest legalization proposal follows two unsuccessful attempts in 2019 and 2020 to fully legalize marijuana, which both fell short despite Democrats’ 2018 win of both chambers of the Legislature.

In 2019, New York softened some criminal penalties for possessing small amounts of marijuana and launched a process to automatically expunge the records of thousands of individuals convicted of low-level possession crimes.

Democrats won a veto-proof supermajority in November — and supporters are hoping legalization will gain momentum.

But Cuomo’s proposal will still need buy-in from Democrats from swing suburban districts, who have long cited concerns that legalization would lead to more impaired driving and more children smoking pot.

The party’s liberal wing criticized Cuomo’s 2020 proposal for failing to set aside money specifically to lift up places that have suffered from mass incarceration and a legacy of disproportionate arrests for drug possession.

The governor had proposed to set aside marijuana tax revenue in a fund that could be used for everything from encouraging minorities to join the cannabis industry to public health campaigns.

Cuomo is hopeful his new proposal could bring in sorely needed revenue to the state.

But even supporters of legalization have stressed that New York won’t see any revenue from marijuana legalization for years.


(6)
(0)




Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us