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NY poised to legalize recreational pot; Vote expected today
Welcome, Your AccountLog OutBy MARINA VILLENEUVE, JENNIFER PELTZ and KAREN MATTHEWS NEW YORK -- While some have concerns about the legalization of marijuana in New York State, others hope it can bring big money.Just in New York City alone, legalizing marijuana could rake in tens of millions for the city budget because it's going to be taxed.The legislation allows for possession of up to three ounces and allows people to grow as many as six plants at home.For products sold at dispensaries, there is a hefty 13% sales tax.However, district attorneys and police say the bill doesn't do enough to...…Welcome, Your AccountLog OutBy MARINA VILLENEUVE, JENNIFER PELTZ and KAREN MATTHEWS NEW YORK -- While some have concerns about the legalization of marijuana in New York State, others hope it can bring big money.Just in New York City alone, legalizing marijuana could rake in tens of millions for the city budget because it's going to be taxed.The legislation allows for possession of up to three ounces and allows people to grow as many as six plants at home.For products sold at dispensaries, there is a hefty 13% sales tax.However, district attorneys and police say the bill doesn't do enough to...WW…
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