Legislators Reintroduce Marijuana Regulation and Taxation Act with Racial Justice and Small Business Amendments
ALBANY, N.Y. – On June 12, a coalition of community advocates led by the Drug Policy Alliance will join Senator Liz Krueger (New York) and Assemblymember Crystal Peoples-Stokes (Buffalo) to announce reintroduction of the Marijuana Regulation and Taxation Act (MRTA, S.3040/A.3506), which would authorize recreational use of marijuana. The coalition will also announce the launch of the Start SMART NY campaign (SMART stands for Sensible Marijuana Access through Regulated Trade).
The bill would establish a legal market for marijuana in New York and create a system to tax and regulate marijuana in a manner similar to alcohol for adults over the age of 21. As it is estimated that New Yorkers spend an estimated $3 billion per year on marijuana, the potential tax revenue stream for the state is considerable. An official study by the NYC comptroller in 2013 estimated potential tax revenue for a legal marijuana market in NYC alone would be more than $400 million, acknowledging that the actual revenue could be much higher.
What: Press Conference for Marijuana Regulation and Taxation Act
When: Monday, June 12, 2017 1:30pm
Where: Senate Chamber, New York State Capitol, Albany, NY 12224
The reworked Marijuana Regulation and Taxation Act (MRTA) includes substantial racial justice and small business-friendly amendments, including:
Start SMART NY is a campaign to end marijuana prohibition and repair the harms to communities convened by the Drug Policy Alliance in partnership with groups dedicated to ending marijuana prohibition.