NEW YORK CITY - Politicians gathered on the steps of City Hall Wednesday to propose new marijuana legislation.

The politicians, led by Sen. Liz Kreuger, say selling marijuana and taxing it would bring in millions of dollars every year. They also say it would result in fewer people being arrested and imprisoned for minor offenses like marijuana possession.

Fewer of these arrests would save the city and state money in prison costs for those offenders.

The legalization proposal is being called the "Marijuana Regulation and Taxation Act." If passed, New York would become the most populous state in the country to regulate and tax marijuana.