New York Governor Andrew Cuomo recently proposed government funding for a study to explore the impact of legalizing recreational marijuana in the state. State Senator Gustavo Rivera (D-NY) and High NY Founder and CEO Michael Zaystev discuss the state of regulation in New York. "I am thankful that the governor put it in the budget. I am hoping it gets to the final version of the budget, and I am hoping we can actually make this happen in the state of New York sooner than later," said Rivera. "I think he's also feeling some pressure from New Jersey's recent election," said Zaystev. Earlier this month newly elected New Jersey Governor expanded access to medicinal marijuana in the state through an executive order. On whether this was political posturing, Rivera says while the government has been resistant to explore marijuana legislation in past couple years he does sense New York can get to the point where the state recognizes the opportunity to legalize recreational marijuana.

Share:
More In Business
Reason to be Bullish After the Fed Decision
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
The Fed Decides to Hold Rates Steady
Brad Bernstein, managing director at UBS Private Wealth Management breaks down the state of the U.S. economy and what to expect from Fed policy from the rest of the year.
Load More