Cannabis Law Webinar: The Cannabis Regulation and Taxation Act, Session Two: High Expectations – How Recreational Cannabis May be Taxed in New York State
Please join us for this informational webinar series. The debate over legalizing marijuana for adult, recreational use in New York has been brewing for the last two years, but disagreements on the issue coupled with a global pandemic have kept it out of reach for lawmakers. Gov. Andrew M. Cuomo came out with a proposal to legalize cannabis last year, called the Cannabis Regulation and Taxation Act, will 2021 be the year it is passed? And what does the legislation mean for your municipality?
High Expectations: How Recreational Cannabis May be Taxed in New York State
Date: Tuesday, February 23, 2021 at 4:00 p.m. – 5:00 p.m.
Topic: In session two, we will explore the tax implications and possible revenue projections from the Cannabis Regulation and Taxation Act. What are the potential fiscal impacts to your local government? What will the state do with the tax revenue from the cannabis industry? What does it all mean economically for your municipality, what should you prepare for?
**Please remember that under federal law, the possession, use, distribution or sale of non-hemp cannabis and cannabis-based products is illegal despite certain state laws that decriminalize such activity. While federal enforcement policy may defer to a state’s laws and not enforce conflicting federal laws, the fact remains that compliance with state law in no way assures compliance with federal law, and there is a risk that conflicting federal laws may be enforced in the future. No legal advice we give is intended to provide any guidance or assistance in violating federal law.**