On the other hand, there are those who see marijuana as a gateway drug that poses a serious issue, similar to opioids. They want strict regulations on who is able to grow it, sell it and profit from it.
Also now, there’s the issue of vaping.
Mr. Cuomo’s pledge came as the state faces down a $6 billion budget gap. How and when would revenue from marijuana sales chip away at that shortfall?
It would certainly not happen this year, even in the most optimistic scenario.
Even if this was up and running by fall, you probably wouldn’t see revenue this fiscal year, and, if so, it would be minor.
What would legalization mean for the consumer?
For small amounts of marijuana, up to two ounces, it’s basically decriminalized. So, no more people worried about getting arrested and hauled in for smoking a joint in Washington Square Park.
If you look at states like California, which has legalized, marijuana is a very glittery business. You walk into pot stores in San Francisco and it’s like walking into the Apple Store. You can order 100 different varietals of chocolates, tinctures, cookies, brownies. You would anticipate that some part of a New York market would look like that.
Then again, there’s still a black market in California and elsewhere.