Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Who Profits From NY's Legal Weed Law? W/Matt Stieb
Posted
May 30, 2021
Views
5,974
Likes
338
Comments
30
Engagement
6.16%
May 30, 2021
5,974
338
30
6.16%
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12:26Now PlayingGov. Andrew recently signed New York's legal marijuana bill into law. Who is really benefitting from legal weed though? Is this just a deflection from Cuomo's various scandals? This interview previously aired on Peacock on April 19, 2021. Emma Vigeland discusses marijuana legalization in New York state with New York Magazine's Matt Stieb.
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"According to Senate Finance Committee chair Liz Krueger, the agreement would legalize recreational marijuana for adults 21 and older; allow for personal possession of up to three ounces; establish Amsterdam-style cafes in which marijuana could be smoked; and would include a 13 percent tax on sales — 9 percent of which would go to the state, and 4 percent to local governments. Distributors would also pay an excise tax, which could be as high as three cents per milligram of THC, the active ingredient in cannabis; that tax would be on a sliding scale, based on the type of product and how strong it is. As part of the deal, cities, towns, and villages may also choose not to approve retail and delivery weed within their jurisdiction."
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