New York Governor Andrew Cuomo will unveil a plan to legalize recreational marijuana in the state early next year, when Democrats have control of every branch of the state's government.
"The goal of this administration is to create a model program for regulated adult-use cannabis," said Cuomo spokesman Tyrone Stevens.
Imposing excise taxes on weed could generate $436M in new state tax revenues and $336M in additional city tax revenues.
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