Victor Jung’s Post

View profile for Victor Jung, graphic

Chairman and CEO @ V Global Holdings | Investor | Operator

🚨 In a surprising turn of events, the head of New York's Cannabis Office, Chris Alexander, has been asked to step down from his position. 👑 It seems that the old adage "Heavy is the head that wears the crown" holds true even in the world of marijuana legalization. 🌿 📰 According to a report from the Times Union, the Office of Cannabis Management's board of directors asked Alexander to resign. 🤔 The reason for his departure is still unclear, but sources say that it may have been due to disagreements over the office's direction. 💸 Despite this setback, the legalization of recreational marijuana in New York is still moving forward. The state has already approved the sale of medical marijuana and is now working on regulations for the recreational market. 💰 According to a New York State Department of Health report, the legal marijuana industry could generate up to $3.5 billion in annual sales and create tens of thousands of jobs. 💼 🤝 As the state moves closer to legalization, it's important to remember the potential benefits that this industry could bring. In addition to generating revenue and creating jobs, legal marijuana could also help reduce the number of people incarcerated for non-violent drug offenses. ⚖️ 🗣️ As one advocate for legalization put it, "This is about more than just marijuana. It's about justice, it's about economic opportunity, and it's about creating a more equitable society." 🌱 🌟 So while the head of the Cannabis Office may have been asked to step down, the push for legalization in New York is still going strong. With the potential for billions in revenue and thousands of jobs, it's clear that this is an industry worth fighting for. 💪 #NewYork #Cannabis #Legalization #Marijuana #Justice #Equality #CAURD

N.Y. cannabis director out as Hochul announces 'overhaul' of troubled office

N.Y. cannabis director out as Hochul announces 'overhaul' of troubled office

timesunion.com

To view or add a comment, sign in

Explore topics