Daily Archives: 04/01/2021

USA – New York passes Recreational Marijuana bill

By Tom Bolger – Caribbean Life News – 31 March 2021

After years of debate, the New York State Legislature passed Tuesday a bill legalizing recreational use of marijuana for adults ages 21 and older.

Albany lawmakers hope the estimated $350 million in annual tax revenue generated from sales through licensed weed shops will help plug the hole that the coronavirus pandemic and its ensuing economic turmoil blew in the state budget. The bill allows for possession of up to 3 ounces pot and 24 grams of cannabis concentrate. Gov. Andrew Cuomo has signaled that he plans to sign the bill into law.  Continue reading

COVID: Pandemic will weigh heaviest on tourism-dependent economies– warns IMF

— But impact over rest of decade will not be as bad as that following financial crisis of 2008

  • People relaxing at Accra Beach, Rockley, Barbados. Caribbean nations will be hit hard by the pandemic.
People relaxing at Accra Beach, Rockley, Barbados. Photograph: Image Professionals GmbH/Alamy
Wed 31 Mar 2021 – The Guardian UK
Scars from the pandemic will prevent the global economy from making a full recovery, though the impact over the rest of the decade will not be as severe as that of the 2008 financial crisis , the International Monetary Fund has said.    Continue reading
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