Recreational marijuana use in New York is expected to generate $1.3 billion in revenue in its first year.
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ANGELA WEISS/AFP / Getty Images
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The state of New York announced Monday that it will provide funds to public universities to promote the training of workers for its growing cannabis sector.whose use was legalized last year and which the authorities expect will become a great source of fiscal income.
It’s a statementDemocratic Governor Kathy Hochul said she will allocate $5 million for the two public universitiesthe state (SUNY) and the city (CUNY) create or promote courses and training programs that serve to accredit qualifications before local companies in the cannabis sector.
The funds announced today will be spread across numerous college campuses across the state and are expected to reach some 4,900 students.
In addition, the state Department of Labor and the Bureau of Cannabis Management will help connect businesses and job seekers to these training programs, and once completed, provide market entry support with resume preparation and interviews.
Last April, the mayor of New York, also a Democrat, Eric Adams, announced his intention to invest 4.8 million dollars in the promotion of the cannabis industry.
According to official forecasts, Recreational marijuana use in New York is expected to generate $1.3 billion in revenue in its first year and that creates between 19,000 and 24,000 jobs in 3 years, in addition to becoming a significant source of tax revenue in 2025.
Also read:
· In NY, access to the flourishing legal marijuana industry is “strewn” with high financial and legal barriers
· The House of Representatives approves historic law to legalize marijuana at the federal level
· Farmers in New York will be able to grow marijuana starting this spring
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