Excerpt from Yahoo Finance quoting DataTrek’s Jessica Rabe:
…. “COVID-19 Disruption: On Wednesday, DataTrek Research co-founder Jessica Rabe said the COVID-19 pandemic has created a distraction for states looking to legalize cannabis, but tax revenue shortcomings have also applied financial pressure on politicians.
Rabe said state legislatures in states such as New York, New Jersey, Connecticut and Pennsylvania have been pushing to legalize recreational cannabis use in recent years. However, putting together the regulatory and tax framework for doing so is a complicated process, and states like New York have had to shift focus to the pandemic in 2020″….
Read the full article here on Yahoo Finance!