The legalization of cannabis is quickly gaining traction across the US and New York is no exception. On March 31, 2020, Governor Cuomo signed the Marijuana Regulation and Taxation Act (MRTA) into law, making it legal for adults 21 years or older in New York to purchase and possess up to three ounces of cannabis for personal use. This new law has opened up a whole new world of opportunities for businesses and consumers alike. Let’s take a look at what this means for New York Cannabis Training.
What Does Legalization Mean?
The MRTA makes it legal to buy, possess, consume, and grow limited amounts of marijuana in the state of New York. The law also establishes a framework for regulating the sale of cannabis products through licensed retailers and sets the stage for future businesses to participate in this new market. The law also decriminalizes possession of up to two ounces or less and reduces certain criminal penalties associated with marijuana possession and cultivation. It’s important to note that public consumption remains illegal under the MRTA, as well as driving while under the influence of marijuana.
What Does This Mean For Businesses?
The legalization of cannabis presents an exciting opportunity for businesses that are looking to get involved in the industry. There will be more than 1,000 retail licenses available throughout the state that can be used by either existing businesses or entrepreneurs looking to start their own venture. These licenses will be able to sell both medical and recreational marijuana products such as flower, edibles, concentrates, topicals, tinctures, among many others. Additionally, there will be an increase in jobs related to the industry such as budtenders, growers, trimmers, distribution drivers etc., so if you’re looking for employment this could be a great option!
What Are The Benefits Of Legalization?
In addition to creating jobs and generating tax revenue from sales of cannabis products throughout the state there are other benefits associated with legalization. Decriminalizing marijuana possession means fewer people will face long-term consequences due to criminal records associated with low-level offenses – particularly within communities of color who have been disproportionately affected by drug laws historically. Additionally research suggests that legalizing recreational marijuana use may reduce opioid-related deaths by providing access to an alternative form of pain relief that is not addictive like opioids can be.
Legalizing marijuana has been a long time coming in New York State but now that it’s here we can all reap its many benefits – from increased tax revenue generated from sales throughout the state –to reducing opioid-related deaths –to creating more jobs within communities across NYS –the possibilities are endless! If you’re looking to get involved in this exciting new industry now is your chance -but make sure you do your research first so you understand all aspects before diving head first into something you might not be prepared for!
