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Monday, dec 23
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9°
Monday, dec 23
Tag:
State budget deficit
News
Covid-
19: Cuomo To Push For Legal Marijuana, Sports Betting In NY To Close $15B Deficit
With New York State facing a record-setting $15 billion deficit due to the COVID-19 pandemic, Gov. Andrew Cuomo is once again pushing for legalized marijuana and sports betting to help raise revenues. On Wednesday, Jan. 6, Cuomo said that while New York will be turning to the federal government to provide some aid and COVID-19 relief funding, the state will also be doing its part to cut the deficit. Among the two options Cuomo discussed was a proposal to legalize and regulate cannabis in New York and running a legal sports betting program that benefits the state, not casinos. “We want to d…