Governor Cuomo Signs Legislation Legalizing Cannabis
The SAFE Banking Act of 2021 would allow states that have legalized medical or adult-use cannabis to operate safely under the national banking system.
The bill would establish the Office of Cannabis Management to implement a comprehensive regulatory framework that would cover medical, adult-use and cannabinoid hemp.
The Executive Budget legalizes cannabis for adult use. Legalization will not only ensure public health and safety, but provide an opportunity for the State to generate more than $300 million in tax revenue.