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Photo: Bruce Bennett/Getty Images

New York state lawmakers and Gov. Andrew Cuomo (D) struck a deal Thursday to legalize recreational marijuana, the New York Times reported.

Why it matters: If approved, the legislation could pave "the way for a potential $4.2 billion industry" and would reinvest millions of dollars in tax revenue from marijuana sales into minority communities each year, according to the Times.

  • "The deal was crafted with an intense focus on making amends in communities impacted by the decades-long war on drugs," including Black and Hispanic communities, the Times noted.
  • Thursday's agreement comes after several failed attempts to reach a deal in the state.

Details: Recreational marijuana use would be legal for people 21 and older, per the Times, which obtained details of the deal.

  • People could cultivate up to six marijuana plants at home for personal use.
  • The legislation would also allow for the delivery of cannabis and permit some clubs or "consumption sites" where marijuana could be consumed, according to the Times.
  • Cuomo's office did not immediately respond to Axios' request for comment.

What's next: New York's Senate and Assembly could take up the legislation as early as next week, per the Times. The terms of the deal are still being reviewed.

  • Yes, but: "If approved, the first sales of legal marijuana are likely more than a year away," the Times' Luis Ferré-Sadurní noted.
    • "Officials must first face the daunting task of writing the complex rules that will control a highly regulated market, from the regulation of wholesalers and dispensaries, to the allocation of cultivating and retail licenses, to the creation of new taxes and a five-member control board that would oversee the industry."

The big picture: If the legislation is approved, New York would become the 15th state to legalize recreational marijuana use.

Go deeper

Report: Gov. Cuomo prioritized family members for COVID testing

Combination images of CNN anchor Chris Cuomo and his older brother, New York Gov. Andrew Cuomo. Photo: Gilbert Carrasquillo/GC Images/Brendan McDermid-Pool/Getty Images

New York Gov. Andrew Cuomo (D) allegedly gave family members including CNN anchor Chris Cuomo "special access" to state-administered COVID-19 tests in early 2020, the Washington Post first reported Wednesday.

Why it matters: State officials are barred from using their positions to gain privileges for themselves or others under New York's constitution. Cuomo's office pushed back on the allegations in an emailed statement, with senior adviser Rich Azzopard saying, "We should avoid insincere efforts to rewrite the past."

20 mins ago - World

Biden backs Gaza ceasefire for first time in call with Netanyahu

Biden with Netanyahu in 2010. Photo: Debbi Hill/Pool/ Getty Images

President Biden expressed support for a ceasefire between Israel and Hamas in a call on Thursday evening with Israeli Prime Minister Benjamin Netanyahu, the White House said in a statement.

Why it matters: This is the first time since the beginning of the crisis last Monday that Biden or anyone in his administration has publicly backed a ceasefire. It will increase pressure on Israel to seek an end to the conflict, which Netanyahu has insisted will continue until Hamas' ability to attack Israel is further degraded.

2 hours ago - World

Schumer: "I want to see a ceasefire"

Photo: Sarah Silbiger/Bloomberg via Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) told reporters Monday he wants to "see a ceasefire reach quickly and mourn the loss of life."

Why it matters: Schumer is a staunch defender of Israel and has maintained that Israel should be able to defend itself.

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