New York Officially Legalizes Marijuana | 22 Words

New York has now become the 15th State in the country to legalize Marijuana.

Scroll on for the full details on the new legislation...

Now, this news has been a long time coming for many New Yorkers.

Unsplash

With more and more states across the U.S legalizing both the recreational and medicinal use of the green stuff, people are smoking more weed than ever before.

So far, fourteen U.S states and 3 territories have legalized marijuana, according to the National Conference of State Legislatures...

Getty

And New York is finally set to join them.

As stated earlier, the Big Apple is jumping on board the marijuana bandwagon...

Getty

And its residents couldn't be happier about it.

This news comes after New York Governor Andrew Cuomo revised the New York legalization proposal.

Getty

There, he vowed to set aside $100 million (£73,000) for a social equity fund, which is designed to help communities hit by marijuana laws through job placement programmes and treatments.

In a news conference earlier last week, Cuomo had said that he was making marijuana legalization a top priority in budget negotiations with officials.

Getty

"This year we have to get it done, and getting it done by the time the budget is passed is essential. Cannabis is not just social equity, it's also revenue for the state."

And his words weren't in vain.

Getty

Officials reportedly reached a 3-way agreement between the Assembly, Senate, and governor's office on a bill on March 25th.

Bloomberg reported that lawmakers settled on language in the bill...

Getty

Which is expected to mirror laws from neighbouring states - where the legal age to buy cannabis is twenty-one.

On the groundbreaking bill, State Senate Finance Committee Chair Liz Krueger told the outlet:

Getty

"It is my understanding that the 3-way agreement has been reached and that bill drafting is in the process of finishing a bill that we all have said we support."

Krueger went on to explain that the deal would legalize cannabis for adults aged twenty-one and over...

Getty

And now the bill has officially been signed by Andrew Cuomo.

The news comes after State Assembly voted 100-49 to pass the legalization bill on Tuesday.

And now everyone wants the new legislation rolled out all across the U.S.

New Yorkers aged twenty-one and over can now possess up to 3 ounces of marijuana outside of the home...

Getty

And purchase it from authorized retailers.

Anyone previously convicted of possessing marijuana that is now under the legal limit will automatically be eligible for resentencing.

"This is a historic day in New York – one that rights the wrongs of the past by putting an end to harsh prison sentences, embraces an industry that will grow the Empire State's economy, and prioritizes marginalized communities so those that have suffered the most will be the first to reap the benefits," Cuomo said in a statement.

New Yorkers can now have up to 5 pounds of marijuana in their home, and grow up to 3 cannabis plants, the bill said.

Unsplash

The industry could benefit by $350 million in tax revenue and up to 60,000 new jobs.

Marijuana will have a 13% sales tax, with 9% of the revenue going to the state and 4% going to localities.

Unsplash

However, this won't become legal for another eighteen months as we wait for state regulations.

This will also expand the eligibility for those who need medical marijuana.

Unsplash

Keep scrolling for more...