New York Inches Closer to Legalizing Recreational Cannabis [TheStreet.com]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: TheStreet.com
New York is one step closer to legalizing marijuana after a state executive indicated that the governor's office is in favor of a bill currently moving through the state legislature.Recreational cannabis would be legal for adults 21 year old and up in New York, and would face a 13% sales tax with 9% going to the state and 4% going to localities.“It is my understanding that the three-way agreement has been reached and that bill drafting is in the process of finishing a bill that we all have said we support,” state Senate Finance Committee Chair Liz Krueger told Bloomberg Wednesday.The move could bring in about $350 million a year in taxes for New York once recreational cannabis is fully legalized.New York Governor Andrew Cuomo, who had been lukewarm on marijuana legalization in the past, said earlier Wednesday that officials were close to a deal.Read More: Aurora Cannabis CEO Talks Q2 Results, Cannabis Industry OutlookA vote on the bill could occur as soon as next week and be passed ou
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website