Colorado and Washington were the first states to legalize marijuana. There are now a total of 18 states that allow use for leisure, and at least a dozen more states are working to add to that list.

States where it is legal are raking in tons of money for extra tax dollars – $ 10.4 billion nationwide – and most of it is diverted to community initiatives.

A striking example is Illinois, where 20% of government tax revenues from pot sales go to mental health programs, and 25% of those funds are invested in disadvantaged communities.

Colorado legalized the bank in 2012, and in 2021 the state received more than $ 400 million in tax revenue – the money goes to public schools, health care and drug prevention and treatment programs.

Last year, New York legalized recreational marijuana use for those over 21. However, recreational sales are expected to begin only later this year or early next year as the state dismantles the rules for what is expected to become one of the bank’s most significant U.S. legal markets.

The mayor’s office estimates the industry will provide $ 1.3 billion in sales and 19,000 to 24,000 jobs.

New York City Mayor Eric Adams, a former New York City Police Department captain, said Thursday that his office is committed to helping the industry grow socially just by helping those affected by the drug war find opportunities in industries such as providing legal services free of charge, assistance in applying for licenses, as well as financing and marketing.

Adams said he supports the state’s recently announced plan to issue the first licenses to sell marijuana to those convicted of marijuana.

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