Despite being half the size of the legal cannabis market in California, New York is poised to impact the larger industry and culture beyond its state lines and U.S. borders. Why it matters: Even as cannabis is still simultaneously illegal at a federal level and only somewhat legal in 42 states, New York’s unique global identity and mix of industries will enable changes in perception and business operations, experts say. Driving the news: New York is now one of 16 states that have passed legislation to legalize recreational use, with many aspects of the law taking effect immediately. How it works: Retail cannabis sales are expected to begin in 2022, but smoking cannabis in public is now permitted wherever smoking tobacco is allowed locally, and adults can possess up to 3 ounces of cannabis for recreational use.

420 Intel – Marijuana Industry News, 04/12/2021 20:00:00

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