Gov. Andrew Cuomo's budget proposal would create a taxation and regulatory system for selling marijuana in New York.

As proposed, Cuomo's plan estimates raising $20 million in the coming fiscal year and $63 million in revenue from the sale of cannabis in the coming years.

Here's how he proposes taxing it:

• Three taxes would be created for retail cannabis. One would tax the cultivation of cannabis at a rate of $1 per dry weight gram of cannabis flower, 25 cents per dry weight gram of cannabis trim and 14 cents per gram of wet cannabis.
• The sale of any cannabis would be set at a 20 percent tax rate of the invoice price.
• Meanwhile, an additional 2 percent tax would be collected in New York City.

Cuomo is once again pushing for the legalization of marijuana after state lawmakers could not reach an agreement on the issue in 2019.

Instead, the legislature approved a measure meant to further decriminalize possession of small amounts and expunge the records of prior convictions.

Cuomo has also called for a regional approach on the issue with bordering northeastern states.