Gov. Cuomo Confirms and Details New York Recreational Marijuana Legalization Bill; Vote Could Occur Within Days

It's official: New York's legislature has a recreational-marijuana legalization bill it's about to vote on.

Gov. Andrew Cuomo on Saturday confirmed media reports that legislators in the Empire State had hammered out a bill that would sanction the sale and consumption of recreational cannabis. He also provided the salient details of the proposed legislation.

For marijuana retailers, if the bill is passed into law, the state would form a two-tier licensing structure. Under this regime, growers and processors would not be allowed to directly own retail stores.

Source Fool.com