GREY:ALEAF - Post by User
Post by
Rob1407on Mar 30, 2021 11:28pm
205 Views
Post# 32911880
New York State Legislature approves recreational marijuana
New York State Legislature approves recreational marijuana New York State Legislature approves recreational marijuana bill (updated)
- The New York State Senate and Assembly Tuesday evening approved a bill that would legalize marijuana for recreational use.
- The Senate vote was 40-23 and the Assembly vote was 100-49.
- Gov. Andrew Cuomo (Dem.) has said he will sign the legislation, the Marijuana and Taxation Act, and cannabis legalization would then become legal immediately.
- However, marijuana sales in stores would take 18 months to two years to start, according to State Assembly Majority Leader Crystal Peoples-Stokes.
- Cuomo's office has said that once fully implemented, marijuana legalization is expected to rake in $350M annually in tax revenue.
- U.S. multi-state operators today: Curaleaf Holdings (OTCPK:CURLF) -3.6%; MedMen Enterprises (OTCQB:MMNFF) -0.6%; Acreage Holdings (OTCQX:ACRHF) -0.1%; Harvest Health & Recreation (OTCQX:HRVSF) +0.8%; Cresco Labs (OTCQX:CRLBF) -5.2%; Green Thumb Industries (OTCQX:GTBIF) -11.8%; Trulieve Cannabis (OTCQX:TCNNF) -5.9%.
- Canadian cannabis players today: Aurora Cannabis (NYSE:ACB)unchanged; Canopy Growth (NYSE:CGC) +1.7%; Aphria (NASDAQ:APHA) +3.9%; Cronos (NASDAQ:CRON) +1.5%; Tilray (NASDAQ:TLRY) +1.9%; OrganiGram Holdings (NASDAQ:OGI) +3%; HEXO Corp. (NYSE:HEXO) +1.9%; Sundial Growers (NASDAQ:SNDL) +1.8%.