Eager to get in on what’s expected to be a booming industry, cannabis companies and investors are beginning to flock to New York state.

It’s a trend that could pick up even more steam after lawmakers in Albany gathered Monday to announce a renewed push to legalize adult-use cannabis.

State Sen. Liz Krueger (D-New York) and Rep. Crystal Peoples-Stokes (D-Buffalo), along with advocates organized by the Drug Policy Alliance, held a press conference about the reintroduction of the Marijuana Regulation and Taxation Act (MRTA).

The legislation, S.3040/A.3506, would tax and regulate cannabis in a fashion similar to alcohol.

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Gage Peake ~ Leafly.com ~