• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

3

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Politics

New York City Mayor Eric Adams wants to help those hardest hit by ‘war on drugs’ sell legal pot

By
Michelle L. Price
Michelle L. Price
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Michelle L. Price
Michelle L. Price
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 20, 2022, 10:06 AM ET
New York City Mayor Eric Adams
New York City Mayor Eric Adams announced the launch of digital billboards and creative ads supporting LGBTQ+ community on April 04, 2022 in New York City. Adams wants to reach out to communities who have been most affected by the 'war on drugs.'Slaven Vlasic—Getty Images

New York City Mayor Eric Adams says he wants the city to promote its impending legal cannabis industry and assist people from minority communities most affected by marijuana-related offenses to become marijuana entrepreneurs.

Adams is set to propose Wednesday that the city spend $4.8 million to reach out to those most impacted by the so-called war on drugs. His plan would help them learn about the industry and set up their new small businesses—things like navigating the licensing process and obtaining financing, among other areas.

“Now is the time for our city to make proactive investments to ensure the people disproportionately impacted by the criminalization of these substances can reap the benefits of the new industry,” Adams said in a statement.

The mayor, a Democrat and former police captain, has said the legal marijuana industry could be a key driver for the city’s post-pandemic economic recovery, along with a revival in tourism, nightlife and people returning to offices.

The announcement coincides with April 20—also known as 4/20—the date known for celebrating marijuana, and a day before neighboring New Jersey begins its own recreational pot sales.

New York legalized adult recreational marijuana a year ago for adults 21 and over. Recreational sales are not expected to start until later this year or early next year as the state sorts out regulations for what’s expected to be one of the biggest legal U.S. markets for the drug.

In New York City alone, the industry is expected to generate $1.3 billion in sales in its first year, according to estimates from City Hall.

New York was the 16th state to legalize marijuana for adults, and the second-most populous state after California to do so.

A key theme in marijuana legalization in recent years has been social equity, and New York’s laws have built in ways to redress how the justice system locked up a disproportionate number of people of color for drug crimes. That includes the state’s goal of awarding half of marijuana licenses to individuals from underrepresented communities. The state has also been expunging some past marijuana convictions.

Adams’ plan continues in that vein, suggesting the city help those most impacted by the criminalization of the drug if they now wish to become marijuana entrepreneurs. The city’s agencies devoted to small business services, economic development and criminal justice would work together to identify where to target the efforts, launch a public education tour and ad campaign and even help those setting up businesses find real estate to set up shop.

The proposal is part of the mayor’s city budget plan that he’s set to unveil next week. Along with the rest of the budget, the proposal will be negotiated with the city council and is expected to be agreed upon this summer.

New York City Councilmember Julie Menin, who chairs the council’s small business committee, and Councilmember Amanda Farías, who chairs the council’s economic development committee, both released statements supporting the mayor’s plan to help marijuana entrepreneurs.

Menin said it was “of critical importance” for New York City to establish the legal pot industry “in neighborhoods that were devastated by the war on drugs.”

“We need to be mindful of marginalized communities that have been disproportionately incarcerated because of punitive marijuana laws,” she said.

Adams has separately said, in the absence of much available land in the city, he’s exploring the idea of allowing the growing and cultivation of marijuana on the rooftops of the city’s public housing buildings. But that idea is likely to run into major roadblocks because the housing is heavily subsidized by the federal government, which still criminalizes marijuana.

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.
About the Authors
By Michelle L. Price
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

The more generous U.S. ceasefire terms are, the more suspicious Iran becomes they’re a ruse for another attack, expert says
PoliticsIran
The more generous U.S. ceasefire terms are, the more suspicious Iran becomes they’re a ruse for another attack, expert says
By Jason MaMay 24, 2026
2 hours ago
w
Personal FinanceWhite House
From Hobbes to the 14th amendment: the ancient and modern cases against Trump’s $1.8 billion fund
By Austin Sarat and The ConversationMay 24, 2026
4 hours ago
mark
Travel & LeisureAirline industry
The travel industry has been taking body blows. Here comes an airport ‘sanctuary city’ crackdown
By Josh Funk, Rio Yamat and The Associated PressMay 24, 2026
5 hours ago
Britain’s navy is preparing to clear mines in the Strait of Hormuz — but only once a U.S.-Iran peace agreement is reached
PoliticsIran
Britain’s navy is preparing to clear mines in the Strait of Hormuz — but only once a U.S.-Iran peace agreement is reached
By Emma Burrows and The Associated PressMay 24, 2026
5 hours ago
Under emerging deal with U.S., Iran’s uranium, sanctions relief, and release of frozen funds would be negotiated during a 60-day window
PoliticsIran
Under emerging deal with U.S., Iran’s uranium, sanctions relief, and release of frozen funds would be negotiated during a 60-day window
By Samy Magdy, Melanie Lidman and The Associated PressMay 24, 2026
6 hours ago
Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck but Trump was not affected
Europegun violence
Secret Service shoot and kill suspect who fired at White House checkpoint; bystander was also struck but Trump was not affected
By Darlene Superville, Alanna Durkin Richer and The Associated PressMay 23, 2026
19 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
3 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
2 days ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
2 days ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
5 days ago
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
Lifestyle
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
By Sasha RogelbergMay 24, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.