For several years, New York Gov. Andrew Cuomo (D) and progressives in the Democrat-controlled state legislature have supported legalizing REC.
Now, with New Jersey poised to begin sales to all adults, and the state facing a Covid-related budget shortfall, observers speculate that the Empire State could legalize in 2021. However, passage could be delayed by tensions over dueling bills, one of which promises significantly more money and benefits for equity.
- This week Cuomo, who hopes to legalize through the state budget process, which ends April 1, committed more pot tax revenue to an equity fund and announced support for delivery, a business relatively accessible to mom and pop entrepreneurs.
Next door, New Jersey’s REC bill hit another snag.
Asbury Park Press