ArticleCountless business owners, entrepreneurs, and individuals in New York celebrated the state’s passage in late March of the Marijuana Regulation & Taxation Act (the MRTA), S.854-A/A.1248-A, both for the economic opportunities it presented and for the fact that it legalized the possession, sale, and growing of marijuana for recreational purposes for anyone 21 years of age and older. By the same token, numerous state officials rejoiced at the new source of tax revenue, in which local municipalities would share.
Recognizing, however, that there remains a not insignificant degree of opposition to the legalization of recreational cannabis, the MRTA offered local officials the opportunity to opt out of certain of its provisions or to regulate, in limited fashion, two of the licenses it created.
After briefly discussing the principal provisions of the MRTA, this column will explain the steps that local government officials may take to limit the MRTA’s impact on their community and will review what a number of municipalities across the state already have done in response to the law.
Read the article here:
Local Governments React to State’s Marijuana Law | New York Law Journal
Reprinted with permission from New York Law Journal, Wednesday, September 22, 2021, Vol 266 – No. 58.
