New York officials reach agreement to legalize marijuana

Weed all about it!

New York State officials have reached a deal to legalize marijuana, legislative sources told The Post on Wednesday — just hours after Gov. Andrew Cuomo called it “essential” to the state’s social and economic well-being.

The reform measures will be included in the laws adopted as part of the state budget on April 1, the sources said

The deal would allow New Yorkers to legally buy and possess up to three ounces of pot and even grow plants for their personal use, according to the Wall Street Journal.

Plans call for a 9 percent state tax on retail sales that could generate $300 million a year in new revenues, the Journal said.

Cities, towns and villages could tack on another 4 percent sales tax or opt out of allowing local sales and deliveries, according to the report.

During a news conference earlier Thursday, Cuomo said he was making marijuana legalization a top priority in budget negotiations with lawmakers.

“This year we have to get it done, and getting it done by the time the budget is passed is essential,” he said.

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