Skip to main content
Breaking NewsBusinessLatest NewsLocalNYCPolitics

NYC Mayor Adams and Gov. Hochul cheer legal marijuana for the Empire State

By 04/20/2022 1:07 PMApril 25th, 2022No CommentsBy YidInfo Staff

On Wednesday, both New York City Mayor Eric Adams and NY Governor Kathy Hochul revealed the economic benefits of legal cannabis during the international day for weed.

“The cannabis industry could be a major boon to our economic recovery — creating new jobs, building wealth in historically underserved communities, and increasing state and local tax revenue,” Adams said.

“Part of us building the strongest cannabis industry in the nation is making sure New Yorkers have relevant facts at their fingertips,” Hochul said.

“We remind all New Yorkers as they join 4/20 celebrations today that it’s never safe to drive high, you shouldn’t consume cannabis in disruptive ways, and cannabis can damage growing brains in youth,” Hochul added.

Sources said Adams is set to propose that the city spend $4.8 million to reach out to those most impacted, especially minority entrepreneurs impacted due to past usage.

The plan would help them learn about the industry and set up their new small businesses — things like navigating the licensing process and obtaining financing, among other areas.

According to reports, Adams’ economic blueprint will make the cannabis industry generate nearly $1.3 billion in sales this year alone and create around 20,000 jobs within three years.

JOIN US ON WHAT'SAPP, TO GET INSTANT STATUS UPDATES AND BE IN THE KNOW.

CLICK HERE
By providing your phone number, you will receive text message updates from Yid-Info. You can opt out at any time by responding STOP.

bobby bracros

Author bobby bracros

More posts by bobby bracros

Leave a Reply