New York State Legalizes Recreational Marijuana

On Wednesday, New York State sanctioned the sale and consumption of recreational (also known as "adult use") cannabis when Gov. Andrew Cuomo signed a sweeping legalization bill into law. This occurred one day after it was overwhelmingly approved by the state's legislature.

New York is now the 16th state to have approved recreational marijuana (Washington D.C., at present not a state, has also done so).

Among numerous other measures, the sprawling law allows for a degree of home cultivation for individuals, generous licensing terms for societal groups disproportionally affected by the state's previously tough anti-drug legislation, expungement in qualifying cases for violations of those old laws, and the expansion of qualifications for people to obtain medical cannabis.

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Source Fool.com