New York Governor Pledges Cannabis Legalization In 2020
Marijuana Stocks, Finance, & InvestingUncategorized January 10, 2020 MJ Shareholders
The failure of the state of New York to legalize cannabis in 2019 was a big disappointment for the U.S. cannabis industry. Gov. Andrew Cuomo (D) is saying that “2020 will be a different story”.
With a population of 19.5 million, New York is now the 4th most populous state in the United States. This makes New York’s recreational cannabis market a major prize for the cannabis industry.
Governor Cuomo is not only calling on his own state assembly to legalize cannabis.
This is a sentiment that more states should be echoing following a year where tainted black market cannabis vaping products were responsible for roughly 50 deaths and over 2,000 serious respiratory illnesses.
New York’s 2019 effort to legalize cannabis broke down because of squabbling over tax revenues and the usual anti-cannabis hysteria from cannabis Obstructionists.
Cuomo also made this observation.
While he didn’t identify him by name, former New York Mayor Michael Bloomberg will infamously be known as the one individual who contributed most to “the unequal enforcement of marijuana laws” in that state with his notorious “stop and frisk” law.
Bloomberg is also infamous for referring to cannabis legalization as “perhaps the stupidest thing anybody has ever done.” That quote from Bloomberg came less than one year ago. He also pledged that Bloomberg Philanthropies [sic] will “fight that” (cannabis legalization).
Gov. Andrew Cuomo faces a number of obstacles in getting cannabis fully legalized in New York in 2020. One of those obstacles is the former mayor of New York.
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