New York Set To Legalize Cannabis, Paving The Way For A Possible Retail Boost

New York just got closer to legalizing the sale and use of recreational cannabis, carving out a path for a new type of tenant to take up space in the city’s empty retail stores. 
Gov. Andrew Cuomo came to an agreement with the state legislature yesterday to make the substance legal for recreational use for those over 21 years old, which includes giving out dispensary licenses for retailers to open stores throughout the state, Bloomberg reports.
“I think this should’ve been passed years ago,” Cuomo told Insider in January.
The deal would include taxing sales at 13%, with revenue split between state and local governments,…

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