The New York Assembly voted yesterday to pass the Compassionate Care Act that would legalize medicinal marijuana. The Democratic led group has passed such a bill before, only to see it get voted down by the Senate. The Senate has a competing bill that is waiting review by the Finance Committee. If both bills pass, they will need to be combined and the differences between the two resolved. The legislative session ends June 19th, so time is running out for the bill to be voted on. The finance committee will not confirm if they will add it to their agenda before the session ends.

More from Video

TheStreet Rewind: How to Make 'New Fashioned Wall Streeter'; Twist on a Classic

TheStreet Rewind: How to Make 'New Fashioned Wall Streeter'; Twist on a Classic

Thankfully Our Favorite #FearlessGirl is Not Going Anywhere

Thankfully Our Favorite #FearlessGirl is Not Going Anywhere

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)