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Cuomo Pitches Legalizing Pot In NY, Cutting Small-Biz Taxes

by scceu0409

Law360 (January 8, 2020, 8:30 PM EST) — New York would cut tax rates for some small businesses and again try to legalize cannabis under proposals that Gov. Andrew Cuomo offered Wednesday in his 10th annual State of the State speech.

New York Gov. Andrew Cuomo repeated his proposal to legalize recreational cannabis Wednesday in his 10th annual State of the State address. (AP)  Cuomo, a Democrat, proposed cutting the corporate tax rate for small businesses from 6.5% to 4% and again pitched legalizing recreational cannabis and cracking down on the so-called gig economy in a speech in Albany that lasted more than an hour. The proposals came as the…

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