From the Morning Memo:

Smart Approaches To Marijuana, a group that has been vocally opposed to efforts legalizing cannabis in New York, criticized a re-written bill in the Legislature, saying the measure doesn’t change their concerns about the drug.

Assembly Majority Leader Crystal Peoples-Stokes on Tuesday told reporters the new bill is largely what Gov. Andrew Cuomo had sought earlier this year. It includes the creation of an Office of Cannabis Management to oversee retail marijuana sales as well as medically based marijuana and hemp production.

The bill would use revenue generated from marijuana sales to be put toward communities affected by drug laws, aid law enforcement in public safety efforts and fund drug use research.

But Smart Approaches To Marijuana CEO Kevin Sabet said the new bill doesn’t address his structural problems with legalization.

“Writing new regulations won’t change the fact that the pot industry will target, exploit and victimize low-income and minority communities here as it has done in other states,” Sabet said.

“As it has in every other ‘legalized’ state, Big Marijuana will largely benefit wealthy, white commercial investors backed by Wall Street, Big Tobacco and the alcohol industry. Believing any other scenario, is like believing in the tooth fairy.”

It’s not yet clear if lawmakers in the Assembly and Senate, both which are controlled by Democrats, will have the votes to pass the bill before the end of the legislative session next month.

Sabet, a former drug policy advisor in President Obama’s administration, pointed to the coalition that’s assembled in opposition and has remained since the start of the year.

“Parents, medical professionals, members of law enforcement, clergy and addiction treatment specialists have overwhelmingly told legislators that commercial weed would be a disaster for our communities,” he said. “Tax revenue will not go to communities in need but law enforcement, government oversight, social services and public health costs. As more people’s lives are gripped by dangerous, high-potency THC products pushed by the industry, our mental health crisis will also worsen.”