N.Y. Lawmakers Release Pot Legalization Details Ahead of Vote

New York state lawmakers released legislation Saturday that would legalize recreational marijuana, revealing the fine print of the agreement they negotiated with Gov. Andrew Cuomo.

The measure (S.854A /A.1248A), which would let retail dispensaries open as soon as next year, includes a 13% sales tax, of which 9% would go to the state and 4% to localities.

• The state Senate and Assembly could vote in a matter of days, sending the legislation to Cuomo (D).
• Distributors would collect an excise tax based on potency measured by the amount of THC, the active ingredient in cannabis, according to ...