New York State Sen.: Legalizing Weed Is "the Right Thing to Do"
In Vermont, the governor just signed a law allowing people to consume marijuana recreationally. The newly inaugurated governor of New Jersey has made it clear that he wants weed legalized.
But in neighboring New York, Gov. Andrew Cuomo -- an outspoken opponent of legalized marijuana -- has, well, appointed a task force to study the issue.
State Senator Gustavo Rivera, however, thinks that what is happening in the other states will inevitably lead New York to liberalize its laws.
"When something is legal in one state and not legal in another, you will have people crossing the border to go and get it," Senator Rivera said in an interview Tuesday on Cheddar's weekly "Cannabiz" show. "You see that with firecrackers; they're legal in many states but illegal in others. So certainly it can have an impact on what happens in one state, when people of that state go to another to acquire it, which is why, yes, there is pressure now."
Governor Cuomo has long argued that marijuana was a "gateway drug" that could lead to the use of other, more dangerous drugs. As recently as a year ago, he said, "I am unconvinced on recreational marijuana." His creation of a task force to study the legalization issues suggests that his views have softened, at least somewhat.
But Senator Rivera, a Democrat who represents portions of the Bronx, says the issue is pretty clear-cut. "Many of us are saying let's make sure that we do the right thing in the state of New York, that we push for recreational marijuana to exist in New York. It would be the right thing to do."
For full segment [click here](https://cheddar.com/videos/when-will-new-york-legalize-marijuana).
With the baby formula in the United States surging to an out-of-stock rate of 70 percent, the FDA has given Abbott permission to reopen its Michigan plant amid the crisis and authorized foreign imports. Professor Peter Pitts, a former FDA associate commissioner and current president of the Center for Medicine in the Public Interest, joined Cheddar News to discuss the ongoing shortage and its wide impact. “As difficult as things is in urban areas, they’re even worse in small communities and tribal areas where parents can't just go to the next store on the corner," he said. Pitts also noted that the Abbott factory was a "disaster" prior to its shutdown and that it would have been "regulatory malpractice" to have left it open.
Cheddar's Megan Pratz reports from the ground in Uvalde, Texas where the community's grief and frustration with lawmakers and police officers grows as more details emerge.
Catching you up on what you need to know on Tuesday, May 31, 2022, EU leaders agree to ban 90% of Russian oil by year-end, funerals begin in Uvalde, Texas one week after a mass shooting killed 19 children and two adults, and President Biden meets with the world's biggest boy band BTS.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.
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Cheddar New’s reporter Megan Pratz reports from the scene in Uvalde, Texas, with additional details that indicate the shooter was inside Robb Elementary School for more than an hour before law enforcement was able to confront and kill him.
U.S. stocks ended near session highs to close Thursday's session after retailers released positive earnings results. Investors also continued to weigh the federal reserve's recent indication that the central will raise rates in an effort to curb inflation. Adam Johnson, Portfolio Manager for Adviser Investments, joins Cheddar News' Closing Bell to discuss.
