CRON - New York Governor Cuomo signs marijuana legislation

Hours after the State Legislature passed the bill, Gov. Andrew M. Cuomo has signed the cannabis legislation on Wednesday making New York the 15th U.S. state to legalize the recreational use of cannabis.Some of the provisions of the law will come into effect immediately, according to the New York Times.Individuals will be allowed to keep up to three ounces of cannabis for recreational purposes or 24 grams of concentrated forms of the drug.The state residents will also be allowed to smoke cannabis in public in places where smoking tobacco is permitted.Some of the other changes such as the ability to get cannabis delivered to homes will take months.The legislative change is expected to generate $350M of annual tax revenue.Related tickers: TerrAscend ([[TRSSF]] +4.4%), Columbia Care ([[CCHWF]] +7.0%), AdvisorShares Pure US Cannabis ETF ([[MSOS]] +5.5%), Green Thumb Industries ([[GTBIF]] +8.9%), Village Farms International ([[VFF]] +2.8%), Cresco Labs ([[CRLBF]] +4.7%), Acreage Holdings ([[ACRGF]]), Cronos Group ([[CRON]] +3.1%), AYR

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New York Governor Cuomo signs marijuana legislation