About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “New Jersey Gov. Phil Murphy Signs Legislation to Legalize Recreational Marijuana” – below is their description.
Governor Phil Murphy on Monday signed bills legalizing recreational marijuana in New Jersey, an initiative bottled up in the legislature for months. Adult access will be allowed in about 12 months.
“Our current marijuana prohibition laws have failed every test of social justice, which is why for years I’ve strongly supported the legalization of adult-use cannabis,” Murphy said in a statement. “Maintaining a status quo that allows tens of thousands, disproportionately people of color, to be arrested in New Jersey each year for low-level drug offenses is unjust and indefensible.”
The three bills help fulfill a pledge he made more than three years ago. Voters in November approved legalization. Murphy, however, had to wrangle with fellow Democrats, who control the legislature, over how police would treat people under 21 in possession of marijuana.
Murphy said at a news conference in Trenton that he had signed the measures to create licensing, distribution and other rules; decriminalize hashish and pot possession; create a pathway to vacate some current sentences; and allow some criminal records to be erased.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Democrats
“Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.
It was founded on 8th January 1828 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Nancy Pelosi (Party leader) and Jaime Harrison (Party chair).