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FROM BNN

[jfogarty12]

New York, New Mexico latest U.S. states to legalize cannabis

Two more U.S. states legalized cannabis last week, with one more expected to finalize its plans to make recreational use and possession of marijuana legal. The Big Apple turned a bit greener on Wednesday after New York Governor Andrew Cuomo signed into law a cannabis legalization bill that provides one of the more progressive legal pot markets in the world The legislation earmarks social equity partners will receive half of the state's licenses and revenue from adult-use sales while also permitting consumption lounges and 12 plants per household for home cultivation. Recreational sales are expected to begin as early as next year. Meanwhile, New Mexico legislators late Wednesday also approved a bill to allow recreational use of the drug beginning next year, needing the stroke of its Governor's pen to make it into law. Lastly, Virginia's Governor requested the state's politicians agree on terms of its cannabis plans to begin adult-use sales as early as July. All of this comes as Senate Majority Leader Chuck Schumer stated he plans to soon release a new cannabis reform bill that would address federal legalization issues.