BUFFALO, N.Y. — It’s been well documented how the New York state government can benefit if cannabis is fully legalized this year for adult recreational use.
If that happens, Gov. Andrew Cuomo’s proposed budget estimates the state would add $151 million to utilize through the 2023 tax year.
Local attorneys in the sector – Aleece Burgio, special counsel at Barclay Damon LLP, and Tristan Hujer, partner at Phillips Lytle LLP – are optimistic that this is the year the legislation will go through.
