New York State officials struck a deal with Gov. Andrew Cuomo to allow recreational use of cannabis. The move would create the largest legal cannabis market on the East Coast, potentially creating tens of thousands of jobs and significant startups opportunities.
This is a big first step, though the first sale of recreational weed is unlikely to happen in 2021. The framework needs a final review, and lawmakers still need to create the rules and regulations surrounding commercial sales. According to the New York Times, the Democratic-controlled State Legislature could pass the bill as soon as next week.
The deal comes …
