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).
President Joe Biden said Tuesday that the U.S. will begin to impose sanctions on Russia, calling recent troop movement into Ukraine an 'invasion.' Biden and other government officials including from the State Department have begun to classify the Russian troop movement as an invasion after Russian President Vladimir Putin ordered troops to two independent Ukrainian areas in an alleged "peacekeeping" mission — which the West considers an act of aggression. Biden said Russia will continue to pay 'an even steeper price' if it continues sending troops into Ukraine. What happens next? Will Putin find a way around these sanctions? Ariel Cohen, senior fellow at the Atlantic Council, joins Closing Bell to discuss Biden's remarks, how the West will protect Ukraine since it doesn't belong to NATO, and more.
Russian lawmakers have given President Vladimir Putin a military force authorization in Ukraine, and President Biden has described Putin's announcement declaring the independence of two provinces within Ukraine and his subsequent deployment of peacekeepers as tantamount to "invasion. David Tafuri, a former Obama campaign foreign policy advisor and Bush State Department official, joined Cheddar News to discuss. "The Ukrainian military occupies more than 70 percent of those provinces still," Tafuri said, noting Putin alleged having a responsibility to defend those regions. "This would put Ukrainian forces and Russian forces right at each other engaged. And that might be how the war starts."
The major indexes ended Tuesday's session sharply lower due to escalating tensions between Russia and Ukraine. Bill Stone, Chief Investment Officer at The Glenview Trust Company, joins Cheddar News' Closing Bell, where he reminds viewers that Wall Street doesn't like uncertainty, and more of the recent losses are due to geopolitics than inflation.
Karim Hijazi, CEO of Prevailion, joins Cheddar News' Closing Bell, where he says that crypto's decentralized nature will pose obstacles for the FBI's new crypto unit, but it will also make progress with items such as managing fraudulent exchanges.
The Retail Industry Leaders Association released a report alleging the safety risks, economic losses, and potential job losses they link to a surge in shoplifting crimes in the United States. Lisa LaBruno, senior EVP of retail operations at the trade organization, joined Cheddar News to discuss the impact of websites that allow for the resale of unverified goods and passing the INFORM Consumers Act to stamp it out. “We need to hold the online marketplaces accountable for being a favored venue for criminals to resell stolen product," LaBruno said. "And that is exactly what the INFORM Act is designed to do."
The East-West faceoff over Ukraine has escalated dramatically, with Russian lawmakers authorizing President Vladimir Putin to use military force outside his country and President Biden and European leaders responding by slapping sanctions on Russian oligarchs and banks.
Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine’s eastern region and the U.S., European Union and U.K. responded with economic sanctions.
