Push for pot, now with lobbying muscle

medical marijuana signNoted: a Colorado-based marijuana company has hired influential lobbying firm Patricia Lynch Associates to push for marijuana legalization in New York State. [NYDN]

One of the main arguments being floated for pot legalization: tax revenue. State senator Diane Savino -- who's been pushing for medical marijuana since at least earlier this year -- told the NY Post earlier this month that licensing and taxing could generate close to $1 billion for the state. We'd be interested in the math behind that figure. We did some back-of-the-envelope estimating a few years back and figured the state could probably pull in at least $230 million. [WSJ] [NY Post]

Andrew Cuomo has publicly been less than enthusiastic about the idea. [State of Politics]

Voters in both Colorado and Washington State recently approved measures to legalize recreational use of pot. Estimates of the revenue potential from taxation in those states are in the $300-$400 million/year range. [CNN] [US News]

Eighteen states and DC now allow medical marijuana, according to the National Conference of State Legislatures -- even though it's still illegal under federal law. A Siena poll reported this past May that New Yorkers support legalizing medical marijuana 57-33.

Earlier on AOA: Pot prices around New York State (2011)

photo: Flickr user Caveman 92223

Comments

Well since NY's population is 3-4 times as big as either Colorado or Washington, it would seem likely you could do 3-4 times the business here.

And by some accounts marijuana is currently the biggest cash crop in NY, if not the second biggest. The business is already there, why not tax the hell out of it?

And stop paying all that money to lock up non violent smokers. This isn't only a way to generate revenue is a huge opportunity for savings.

And look at this. In 2010 there were 32000 deaths from prescription drugs. 0 from marijuana.

http://www.economicsjunkie.com/annual-drug-related-deaths-in-the-us-marijuana-ranks-last-with-zero/

"Andrew Cuomo has publicly been less than enthusiastic about the idea. [State of Politics]"

Of course Cuomo's less than enthusiastic -- there's no political upside to jumping on board at this time. Always the pragmatist.

Of course I want it to be legal, it would be far cheaper, and I wouldn't have to worry every time a helicopter flew near my house. But legal pot would take away a lot of the fun.

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

The Scoop

Ever wish you had a smart, savvy friend with the inside line on what's happening around the Capital Region? You know, the kind of stuff that makes your life just a little bit better? Yeah, we do, too. That's why we created All Over Albany. Find out more.

Recently on All Over Albany

"Murder, Morals and Music" at Madison Theater

A new film series -- "Murders, Morals, and Music" -- starts at the Madison Theater next Thursday, May 12. Blurbage: The Pine Hills Film Colony,... (more)

Hugh Farley is not running for re-election

Some things around this area seem like permanent features: The Hudson River, the Helderberg Escarpment, Hugh Farley representing the Schenectady area in the state Senate.... (more)

Morning Blend

Investigation of April 17 fatal shooting by Troy police State attorney general Eric Schneiderman spoke publicly about the case Monday: "The people in Troy, the... (more)

Spring plant sales 2016

May has arrived and that means it's prime time for garden planning and planting. And there are a bunch of plants sales around the Capital... (more)

Noticed in Troy

While walking around downtown Troy Friday for Troy Night Out, we stopped to have a look at this new, temporary mural on the side of... (more)

Recent Comments

I know why I take the bus more - because it's easier to take now! Busplus from Schenec to Albany gives me a nice relaxing ride and I can do work or read my book, I basically gain an extra hour of my life. Can't wait for the navigator cards to ramp up. Much better than those ten trips.

Spring plant sales 2016

...has 4 comments, most recently from Greg

New York's (now lost) native parrot

...has 3 comments, most recently from Kashmir Csaky

An attempt to hail Uber for the Albany area

...has 52 comments, most recently from Michael

Chris Gibson is not running for governor

...has 1 comment, most recently from Harold

The 1 Monument Square project is off (again)

...has 6 comments, most recently from mg