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Gov. Andrew Cuomo has included cannabis legalization in his budget proposal and plans to work with neighboring states

Cannabis advocates are cautiously optimistic that 2020 will be the year that New York state finally legalizes marijuana for adult recreational use, marking a milestone for the legal business.

Gov. Andrew Cuomo has included legalization in his budget proposal for the new fiscal year, projecting it could generate $20 million in revenue in fiscal 2021, growing to $63 million by fiscal 2022 and $188 million by fiscal 2025.

Brand new parks. Healthier, smarter kids. Forests cleaned up. Drugged drivers off the road. Criminal records cleared.

Those are just a few of cannabis legalization Proposition 64’s impacts after two years of commercial sales.

Passed in 2016, Prop 64 earmarks all cannabis tax revenue—less regulatory costs—for public health, the environment, and public safety. On Jan. 14, Gov. Gavin Newsom announced cannabis tax revenue social allocations totaling $332.8 million for the coming fiscal year 2020-2021.

Mexico missed the Supreme Court’s deadline to submit the final marijuana legalization bill in October 2019. The Senate received 13 proposals last year. However, lawmakers couldn’t review and finalize a bill before the October 23 deadline. As a result, they asked the Supreme Court for an extension. Now, Mexico is ready with an amended proposal before the next deadline of April 30.

To say that 2019 was not a banner year for the cannabis industry and marijuana stocks may be understating just how poor things actually went. Despite Canada becoming the first industrialized country to legalize and commence the sale of recreational pot, and momentum for legalization remaining strong in the U.S., the black market has been virtually unstoppable throughout much of North America.

I’ve been a chemistry professor for 15 years and a chemist for longer than that. Through most of that time, I paid little heed to cannabis, thinking that this plant held one main chemical of interest: tetrahydrocannabinol, its psychoactive ingredient.

I now know that cannabis contains a galaxy of unexplored compounds — cannabinoids, terpenes, flavonoids, polyphenols, and more — that may well transform our understanding of plant medicine and human biology. I find this new territory inspiring.

At least 18 states stand to loosen their marijuana laws this year.

It looks like 2020 could be a very big year for marijuana legalization.

The year began with a bang when Illinois started recreational marijuana sales, after the state became the 10th in the country and the second in the Midwest to legalize marijuana.

This past quarter was brutal for the cannabis industry. What was once a cash reservoir for investors has become an oversaturated desert, with companies ruthlessly battling against one another in a survival of the fittest contest.

Missouri officials on Thursday began notifying hundreds of business hopefuls whether they would receive a license to sell medical marijuana.

The Department of Health and Senior Services plans to license 192 dispensaries statewide — 24 in each of the state’s congressional districts — to sell marijuana legally to Missourians with a valid medical marijuana patient card.