In an attempt at compromise, the legislature enacted a marijuana bill “Marijuana Decriminalization Approved in NY After Legalization Efforts Stall” (June 21, 2019 that brings forth the worst of both worlds.

A clear consensus has emerged that marijuana-use is reasonably acceptable and common. Indeed, now that other states have passed marijuana-legalization bills, we expect eventual legalization here. The downsides of marijuana legalization have always included the social and economic expenses incurred from drug-use—including health effects and the need for increased policing—and these costs will predictably rise as marijuana inches closer and closer to legality. These costs are worthwhile because, in part, of one notable benefit on the other side of the ledger:  substantial tax revenues flowing through a controlled market for recreational use.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]