New York wants in on the marijuana millions that is predicted to be generated from the state’s proposed “pot tax” -- estimated at about $431 million in New York City alone.

State lawmakers announced on Tuesday their intentions to introduce legislation that would serve to legalize, tax and regulate marijuana in New York similar to how that state currently controls and monitors alcohol sales. The goal is to utilize these efforts to turn the state into a vicious moneymaking machine to be used for city transportation and law enforcement.

Assembly Health Committee Chairman Richard Gottfried says he fully supports the bill drafted by state Senator Liz Kruger and believes that the time has finally come for New York, to abandon their old school philosophies and become a progressive leader on the East coast.

“We really need to move beyond our totally broken prohibition model to a sensible tax and regulate model,” said Gottfried. “I think it’s widely recognized that marijuana is at most nowhere near as potentially harmful as alcohol and our law is dishonest.”

The proposal suggests that lawmakers tax and regulate marijuana in the same manner as they currently do with regard to alcohol -- a wise move for the economic development of the state.

A recent study conducted by the City Comptroller John Liu indicates that New York stoners could fit the bill for many struggling state agencies. “We have close to a million people who use it on a regular basis. It’s a market of $1.65 billion here in New York City every year, so it makes sense, seeing as so many people are using it on a regular basis, to decriminalize it,” said Liu.

If the bill is passed, Liu says that New York City could easily generate $431 million in tax revenue every year -- not to mention create a less hostile social environment.

“There’s unfair enforcement, particularly against minorities and minority youth, and also people are using it. The medical experts say it is not as dangerous as alcohol. Marijuana does not get people into a violent state whereas, unfortunately, alcohol does,” said Liu.

Senator Kruger plans to introduce her bill today in Albany.

Mike Adams writes for Playboy's The Smoking Jacket, BroBible and Hustler Magazine. Follow him: @adamssoup;