New York. State lawmakers today voted to approve The Marijuana Revenue and Taxation Act (MRTA), legalizing and regulating adult-use marijuana in New York State, and permitting anyone over the age of 21 to grow 6 plants at home.
The intention of the MRTA is to create the framework that will build a regulated industry that will replace the illegal market while also preventing large companies from dominating the market.
Additionally, this legislation will establish equity programs providing loans, grants, and incubator programs to ensure broad opportunities for participation in the new legal industry by people from communities that have been disproportionately impacted by marijuana prohibition.
The MRTA will automatically expunge records for people with previous convictions for activities that are no longer criminalized.