Category: ECONOMICS

New York: the Marijuana Regulation and Taxation Act (MRTA)

A.1617, the Marijuana Regulation and Taxation Act (MRTA), has been re-introduced this legislative session. The bill would legalize the adult possession, use, and regulated sale of marijuana. Over the past twenty years, many New Yorkers have been negatively affected by the harms of prohibition in New York. With people of color accounting for nearly 85% of those arrested annually, the MRTA directs the benefits of taxing and regulating marijuana to these communities. Because structural racism is ingrained in marijuana prohibition, it’s important that the MRTA both ends marijuana prohibition and promotes racial justice. Significant steps are taken in the amended MRTA to ensure racial justice and a small business-friendly industry, including: Creating a micro-licensing structure, similar to New York’s rapidly…

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Legalization: Is it Working?

We as advocates of marijuana law reforms have never been in a better position than we are today to further our cause. We no longer have to speculate about the potential impacts marijuana legalization will have on public health and safety, and other areas of concern. We can now depend on facts and data to further our efforts to end marijuana prohibition.