ALBANY, N.Y. — New York is poised to join a growing number of states that have legalized marijuana after state lawmakers reached a deal to allow sales of the drug for recreational use.

The agreement reached Saturday, which is expected to be signed into law in the coming days, would expand the state’s existing medical marijuana program and set up a licensing and taxation system for recreational sales.

Gov. Andrew Cuomo’s administration has estimated legalization could eventually bring the state about $350 million annually.