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New York Gov. Cuomo Forms Panel To Draft Marijuana Legalization Bill

Full marijuana legalization is on the horizon in New York. draft legislation for adult-use cannabis legalization. The development comes about a month after the state Health Department released a report determining that the pros of legalization outweigh the cons.

According to a press release, the working group, which largely consists of government officials and academics with relevant experience—will coordinate with lawmakers to develop a recreational marijuana bill. The governor’s office expects the legislation to be taken up in the state Senate next session.

Sativa Investments (LON:SATI) seeks to invest in companies which are well-placed to take advantage of the dynamic regulatory environment surrounding medical Cannabis. Our investment strategy focuses on production, pharmacology, testing and compliance, R&D commercialisation, and sales and marketing. The Directors are already engaging with possible target investments in their key areas of interest.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.